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.
Strawberry Invest cuts charges by five basis points on business up to £250,000.
Discount broker reveals pricing at top end of the market
Assets on the platform went from £22.6bn to £27.3bn as at 31 December 2013, with net inflows of £2.4bn
The direct platform has secured prices ranging from 0.15 per cent to 0.8 per cent
Regulator says unit rebates from platforms will be allowed to be paid in units of any fund of a client’s choosing regardless of fund originally invested in.
Total advised platform assets reach £265bn.
Impulse Save allows advised client to top up investments on the platform on a self-serve basis.
Assets under management grew to £450bn for L&G’s investment arm, while Cofunds AUA hit £64bn.
Allfunds Bank has named Anna Graziano as its operations and proposition head as part of its growth plans in the UK and Ireland.
Platform has secured preferential pricing ranging from 0.15 per cent to 0.8 per cent.
A new offer will see Fidelity refund the difference between clean share classes if investors fund cheaper funds on four competing platforms
Skandia to retain rebate playing share classes while Cofunds and Fidelity will automatically switch to clean share classes.
FCA is yet to publish final guidance on what constitutes client detriment when converting to clean share classes.
Old Mutual Global Investors’ assets under management climbed 16 per cent across the course of 2013 following the boost offered by star fund manager Richard Buxton joining the firm.
Aviva has hired Blackstone senior director Tom Stoddard as chief financial officer.
Platforum names Chadney Bulgin’s Martin Green as best paraplanner
Xplan software to be rolled out to 300 advisers from next month.
Chelsea Financial Services has unveiled its new pricing model, which promises that all its clients will pay lower charges and hides no additional costs.
Deutsche Bank has confirmed it will sell Tilney, its regional wealth management business, to Permira for an undisclosed sum.
Platform is piloting the service with clients of 100 adviser firms.
ATS follows Standard Life in completing move to unbundled funds.
Consumers say direct platform prepared to cut fees to protect business.
Insurer’s pension division, which includes Origen, hit by £9m loss.
Sub-advised mandates with equity funds priced at 60bps
Assets under management on the platform grew 41 per cent from £5.3bn to £7.5bn.
Move follows Nucleus and Zurich adding investment-linked protection products to their platforms.
Accounts show show net new money inflows rose to £256m, up 14 per cent from £227m in the previous year.
Funds priced with an average annual management charge of 52bps.
Overall assets grew 18% to £25.5bn.
Review follows Money Marketing report on HMRC decision not to impose VAT on platform charges
D2C platform fund prices suggest less pressure on fund managers than predicted.
Consumers indicate D2C giant prepared to cut fees to protect business
Offers free trades in 80 cases where no equivalent clean share price is available or where the clean share class has a higher AMC.
Alistair Kettlewell to rejoin Aviva as adviser proposition manager.
Platform has made a series of new hires across its key accounts and platform consulting divisions.
Competition Commission approves £210m acquisition