Top 10 platforms in Europe all owned by banks, asset managers and insurers.
Platform says there is an inconsistency between the treatment of platform rebates and legacy cash rebates.
The new Y share class will be 5bps lowers than wider market equivalents.
FCA clarification confirms rebates from managers can be paid to other funds than the one originally invested in.
The most important thing is ensuring as many consumers as possible get the financial advice they need
It’s frequently said it too easy to borrow money but financial regulation makes it far harder to save.
Analysis of the direct platform’s big pricing move.
It is currently boom time for wrap providers but unless they are able to offer app functionality they will quickly become yesterday’s technology.
price war? So far, the souk has been more like a gentle British public school fete.
Face-to-face advice as practiced by the majority of IFAs will be seen as an anachronism.
Chief executive Ian Gorham says currently around 80 per cent of assets go into preferential deals.
Chief executive says product range will be launched early next year.
Technical specialist Rory Percival says only clients can judge value for money.
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Cazalet Consulting chief executive Ned Cazalet examines the potential weak points in the current platform market.
Clean share classes are top of the list of the challenges for platforms but they must also cope with downward pressure on charges, the rise of execution-only and navigate changing regulation.
For platforms, the year has been dominated by the switch to clean share classes.
The FCA’s final rules for platforms has caused platforms to try and position themselves as the best placed to help advisers deal with the new rules.