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FCA to assess the suitability of advice in 2019

The Financial Conduct Authority (FCA) is to reassess the suitability of advice in 2019, according to its annual report and accounts.

BNP Paribas AM hires Mercer’s Ambachtsheer as ESG chief

BNP Paribas Asset Management (BNPP AM) has hired Jane Ambachtsheer as global head of sustainability.

Martin Currie re-hires portfolio manager as Ness departs

Martin Currie has re-hired Paul Sloane as portfolio manager following the departure of global emerging markets (GEM) manager Andrew Ness.

FCA actively ‘monitoring’ number of platform complaints

The Financial Conduct Authority (FCA) has said it will monitor the number of complaints platform customers make about them to see how many people are losing out because of poor service.

BofAML sees analyst exodus as MiFID rules hit research departments

Around a fifth of analysts from Bank of America Merrill Lynch’s (BofAML) London office have left to join asset management houses as MiFID II rules hit research consumption.

FCA chief Bailey’s pay package nears £600k in 2018

The chief executive of the Financial Conduct Authority (FCA) Andrew Bailey has seen his total remuneration boosted to £589,000 in 2018, up from £449,000 just a year earlier.

Majority of investors predict UK rate rise despite falling confidence in economy

The Hargreaves Lansdown Investor Confidence index fell 10 points from 78 to 68 between June and July continuing its downward slide from a six-month peak of 80 in May.

WH Ireland CEO and wealth head depart following restructure

Richard Killingbeck is to step down from his role as chief executive of WH Ireland at the end of the month while head of wealth management Roddy Buchanan has also departed.

Cavendish: UK firms seem confident of Brexit deal before March

Following today’s warning from the FCA that businesses should prepare for a ‘hard’ Brexit, Cavendish Asset Management’s Paul Mumford and Nick Burchett say companies remain unphased.

Lansdown-backed Ravenscroft takes 25% stake in tech firm

Ravenscroft, the Guernsey-based investment firm backed by Stephen Lansdown, has obtained a 25% stake in AIM-quoted tech firm MXC Capital, in a £2.25m deal.