The Bank of England’s Monetary Policy Committee (MPC) voted yesterday week to maintain its Bank Rate at 0.1%.

The FCA will introduce nine major reforms following publication of the damning Gloster Report into its handling of the £236m collapse of mini-bond provider London Capital & Finance (LCF).

The FCA is to implement a package of reforms after accepting the findings of the long-awaited Gloster Report that it failed to adequately protect the 11,625 investors who lost money due to the £236m collapse of mini-bond provider London Capital & Finance.

The Financial Conduct Authority has fined hedge fund chief investment officer Corrado Abbattista £100,000 for market abuse and banned him indefinitely from performing any regulated activity functions.

The Investment Association, the fund managers’ trade body, has urged the Government to include online investment scams in its new Online Harms Bill.

Fund manager Baillie Gifford has launched a UK OEIC Health Innovation Fund which will invest in companies working on pioneering therapies, diagnostics and digital technology.

Transact is to cut some of its charges in April with annual commission charges and buy commission charges both reduced.

Wealth manager St James's Place has appointed Paul Manduca, currently chairman of Prudential, to become its new chairman when incumbent Iain Cornish steps down in 2021 after two years in the role.

Aviva has appointed Canada Life CEO Doug Brown as its new CEO for UK & Ireland Life Insurance.

CPI inflation showed a sharp drop last month from 0.7% in October to 0.3% in November as Black Friday price cuts and shop sales nudged prices down.