Citywire

The FCA has completed investigations into 30 advice firms believed to have offered unsuitable transfer advice to former members of the British Steel Pension Scheme (BSPS).

Nicole Blackburn of NMA has more:

FCA finishes investigations into 30 IFAs on British Steel pension transfers More decision notices are to be published where misconduct is identified, with penalties to be paid to the FSCS.

BNP Paribas Asset Management has launched its first Irish ETF after receiving the go-ahead to develop a passive range in the country.

Ian Heath of Citywire Selector has the details:

BNP Paribas AM launches first Irish ETF in new passive range ESG-focused tracker fund will be listed on Dublin, Paris and Frankfurt stock exchanges.

Odey Asset Management (Odey AM) is in ‘advanced talks’ to transfer four European equity funds to SW Mitchell Capital, according to a letter to investors seen by Citywire Wealth Manager.

Robin Amos reports:

Odey set to transfer four funds to J O Hambro veteran’s boutique Odey Asset Management is in ‘advanced talks’ to move four European equity funds run by star manager Oliver Kelton to SW Mitchell Capital.

Aegon pensions director Steven Cameron shares his top 10 tips for how advisers should prepare for the FCA’s consumer duty reforms.

from Citywire New Model Adviser

Ten top tips for advisers preparing for consumer duty Aegon pensions director Steven Cameron shares his top 10 tips for how advisers should prepare for the FCA’s consumer duty reforms.

Judging from the responses to our article on investment expectations, it appears readers would prefer portfolio managers to have a degree of vested interest.

Chris Sloley of Citywire Selector breaks down the results:

So, you DO want fund managers to have some skin in the game Judging from the responses to our article on investment expectations, it appears readers would prefer portfolio managers to have a degree of vested interest.

Platform provider P1 Investment is launching a tool that it claims enables advisers to integrate any software with the platform at no added cost.

Alicja Hagopian of New Model Advisor reports:

Platform P1 launches tool for open software integration The platform is launching an API that enables advisers to share platform data with other software.

Atomos has hired Max Newman from Julius Baer as a direct equity specialist.

Christopher Johnson of Citywire Wealth reports:

Atomos hires Julius Baer UK director as equity specialist Working alongside Atomos head of investments Haig Bathgate, Max Newman will oversee the firm’s direct equity proposition.

Platform provider P1 is launching a tool that it claims enables advisers to integrate any software with the platform at no added cost.

Alicja Hagopian of New Model Adviser writes:

Platform P1 launches tool for open software integration The platform is launching an API that enables advisers to share platform data with other software.

The Article 8 fund aims to give investors easy access to Gerd Kommer’s ‘world portfolio concept’, while covering the entire investable universe.

via Krystle Higgins of Citywire Selector: https://citywire.com/selector/news/lgim-unites-with-german-boutique-for-multi-factor-etf-launch/a2419900

LGIM unites with German boutique for multi-factor ETF launch The Article 8 fund aims to give investors easy access to Gerd Kommer’s ‘world portfolio concept’, while covering the entire investable universe.

RBC Brewin Dolphin has moved its Cardiff team to new premises as part of the company’s wider push into the region.

Olivia Bybel of Citywire Wealth:

RBC Brewin Dolphin moves Cardiff team to new office RBC Brewin Dolphin has moved its Cardiff team to new premises as part of its wider push into the region.

Private equity owners are inhibiting opportunities for advice firms to innovate and explore new ways of providing advice, according to Boring Money CEO Holly Mackay.

Nicola Blackburn of New Model Adviser:

Profit-driven PE is holding back adviser innovation – Mackay Private equity investment could be hindering innovation at advice firms at a time when new tools, such as AI, are creating fresh possibilities for delivering advice.

Toscafund has launched a ‘market thinking’ strategy for former Axa Investment Managers’ portfolio manager Mark Tinker, Citywire Selector can reveal.

Chris Sloley reports:

Toscafund launches behavioural finance-backed global equity fund Specialist investment firm unveils new strategy for former Axa IM fund manager Mark Tinker.