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Aviva scraps drawdown platform charge following Budget

28 July 2014 4:45 pm | By Michael Glenister

£100 fee removed from platform drawdown cost from September.

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Ascentric appoints new managing director

28 July 2014 11:24 am | By Michael Glenister

Jon Taylor will replace Hugo Thorman in January next year.

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Parmenion profits up 88% to £1.75m

25 July 2014 1:08 pm | By Michael Glenister

Turnover increased 57 per cent to £5.3m in year to March 2014.

Comments (1)

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Ratings agency raises concerns over FundsNetwork transparency

25 July 2014 11:30 am | By Sam Macdonald

The FundsNetwork platform is legally owned by the Bermuda-domiciled FIL Ltd.

Comments (1)

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PFS launches CPD mobile app

25 July 2014 11:03 am | By Michael Glenister

Application designed to allow advisers to record CPD.

Comments (1)

Cyber security

Platforms under cyber security attack

25 July 2014 8:30 am | By Michael Glenister

Money Marketing reveals the vulnerabilities in some platforms’ security systems

Comments (1)

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LV= introduces electronic annuity applications

23 July 2014 3:27 pm | By Michael Glenister

Provider introduces fully paperless process powered by TOMAS.

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Platforms look to tackle re-reg rejections

18 July 2014 11:00 am | By Michael Glenister

Electronic re-registration attempts falter on data mismatch

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Zurich poaches Ascentric sales head

17 July 2014 8:40 am | By Michael Glenister

 Alan Ferguson joins Zurich platform.

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Ascentric cuts drawdown fees following price review

17 July 2014 8:36 am | By Michael Glenister

Price reduction follows overhaul of Sipp fees in June.

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Scottish independence: The great unknown for financial services

17 July 2014 8:30 am | By Pamela Morris

The latest concern over the future of UK customers on Scottish-based platforms reveals why major uncertainties around independence are not just for financial services north of the border.

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SNP's Stewart Hosie and Labour's Gregg McClymont go head-to-head over Scottish independence

17 July 2014 8:30 am

SNP finance and treasury spokesman Stewart Hosie and Labour shadow pensions minister Gregg McClymont put forward competing arguments for and against a Yes vote.

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Nucleus board member Bruce Wilson steps down

16 July 2014 1:07 pm | By Michael Glenister

Helm Godfrey’s Bruce Wilson leaves platform.

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FCA uncovers price comparison site failings

16 July 2014 8:50 am | By Michael Glenister

Thematic review finds that comparison sites are leading consumers to focus on price over cover.

Comments (7)

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Calastone hires former AOL chief financial officer

15 July 2014 8:48 am | By Pamela Morris

James Colquhoun joins the technology firm from AOL where he held the role of chief financial officer for European operations.

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FCA U-turns on fixed-term deposit Isa proposals

14 July 2014 9:30 am | By Michael Glenister

Final rules dismiss unbreakable FTDs from Isas, forcing platforms to review plans.

Comments (1)

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Hargreaves eyes simplified advice expansion on FCA review

11 July 2014 3:51 pm | By Michael Glenister

“Opportunities for us to develop tools whether it be on a simplified advice basis or on a non-advised basis”.

Comments (2)

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FCA warns over 'potentially misleading' best buy lists

11 July 2014 2:14 pm | By Tom Selby

Regulator also suggests levels of due diligence on potential products was “varied” across the industry.

Comments (2)

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Hargreaves and Charles Stanley defend pre-filled fund choices

11 July 2014 9:30 am | By Michael Glenister

D2C platforms criticised for pre-filling application forms with fund choices.

Comments (5)

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Aviva confirms D2C platform plans

10 July 2014 8:16 am | By Michael Glenister

Direct-to-consumer platform forms part of ongoing strategy shift.

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Zurich cuts charges across platform

10 July 2014 8:06 am | By Michael Glenister

Top two charging tiers merged, meaning assets up to £100,000 will now be charged at 0.35 per cent.

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BBA: The era of bank branches is dead

7 July 2014 8:37 am | By Tessa Norman

Rise of mobile banking means branch numbers will continue to fall, says BBA chief. 

Comments (8)

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Platforms boost cash Isa rates following Budget overhaul

4 July 2014 1:00 pm | By Michael Glenister

New cash savings products and improved rates on cash in Isa wrappers

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Transact eyes further stakes in tech firms

4 July 2014 11:00 am | By Michael Glenister

Platform took a 15 per cent stake in Sprint in May.

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CTC Software to launch retirement planning tool in Budget response

3 July 2014 11:19 am | By Michael Glenister

Planning tool to be tested with advisers.

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SEI's Richard Goodall joins Parmenion

2 July 2014 8:45 am | By Sam Macdonald

Goodall will be responsible for sales and marketing strategy at Parmenion.

Comments (1)

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Legal and General to offer cut-price funds through Cofunds

1 July 2014 4:52 pm | By Michael Glenister

Cofunds parent company to offer LGIM funds at 0.07 per cent discount 

Comments (3)

tech

IFDS to power Castle Trust online D2C service

30 June 2014 11:06 am | By Michael Glenister

House price-linked investment and mortgage lending business to offer D2C option.

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Behind closed doors: Why are fund managers agreeing preferential deals with platforms?

27 June 2014 8:30 am | By Michael Glenister

Does shaving off a few basis points really prompt more investors to buy a fund? And in the race to the bottom, will the investment proposition suffer?

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Alliance Trust Savings makes redundancies and outsources marketing

26 June 2014 10:35 am | By Sam Macdonald

Four of the six employees in its marketing team made redundant as it looks to outsource the majority of marketing functions.

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FCA set to give fund groups waivers on platform rules

26 June 2014 | By Sam Macdonald

Fund groups offering two or more fund ranges under a single Isa wrapper appeared to be defined as a platform according to the latest rules

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Cofunds issues fresh sunset clause warning

26 June 2014 | By Michael Glenister

Platform says “worst case scenario” will mean liquidating assets if platforms do not hear back from clients

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Platforms set for fresh wave of bulk conversions

26 June 2014 | By Michael Glenister

Aviva, Nucleus and AJ Bell to convert this year although concerns over clean fund pricing remain 

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Schroders buys stake in Nutmeg

25 June 2014 8:37 am | By Sam Macdonald

Move will see Schroders executive vice chairman Massimo Tosato join the Nutmeg board.

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FCA set to give fund groups waivers on platform rules

23 June 2014 12:56 pm | By Sam Macdonald

Fund groups offering two or more fund ranges under a single Isa wrapper appeared to be defined as a platform according to the latest rules.

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Skandia hires ex-Standard Life sales director

23 June 2014 11:50 am | By Michael Glenister

Tony Harris will head up a team of 12 sales staff specialising in Skandia’s different product lines.

Comments (1)

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Cofunds issues fresh sunset clause warning

20 June 2014 4:37 pm | By Michael Glenister

Platforms may have to liquidate holdings under “worst case scenario”.

Comments (1)

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Adrian Lowcock leaves Hargreaves Lansdown

19 June 2014 10:21 am | By Sam Macdonald

Lowcock has left Hargreaves to pursue other interests.

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Majedie and JO Hambro funds added to Bestinvest's Premier Selection

18 June 2014 3:02 pm | By Gary Jackson

Bestinvest has added the Majedie UK Equity and JO Hambro CM UK Dynamic funds to its Premier Selection list of favorite funds.

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Charles Stanley Direct offers price cut for top-end clients

18 June 2014 1:21 pm | By Michael Glenister

Assets over £2m to be charged at 0.05 per cent.

Comments (6)

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