Industry
BNP Paribas AM buys majority stake in Belgian robo-adviser
BNP Paribas Asset Management has acquired a majority stake in Gambit, a Belgian fintech firm that will become the preferred partner for robo-advisory solutions for BNP’s retail and wealth management networks.
Five UK insurers facing FCA review over customer treatment
Old Mutual, Prudential and Abbey Life are among five companies still under investigation by the Financial Conduct Authority over concerns about the transparency of exit and penalty charges in the firms’ closed-book life insurance policies.
Advisers in UAE face tougher environment for financial planning
The chief executive of a leading UAE advice firm has warned that increased regulation will reduce the survival prospects for many financial consultancy firms in the Emirates if the obvious warnings from regulators are ignored.
Malta watchdog orders trust firm to halt business
The Malta Financial Services Authority (MFSA) has ordered Confiance Malta Ltd to “immediately” transfer its trusts and fiduciary business to another local provider after it fell short of expected standards.
Standard Life advice boss changes role, plans acquisitions
Standard Life’s restricted advice arm 1825 has announced a reshuffle of senior management roles.