The platform says the move has been made to offer its self-directed intermediaries a Sipp product.
Hargreaves Lansdown has warned that continued low interest rates and the prevention of platforms to offer fixed term deposits is having a continued affect on revenues.
The changes will come in on 1 January.
Hargreaves Lansdown head of investment research Mark Dampier cites lack of good quality funds and fund managers.
IFDL institutional sales director Rob Beverley has left the platform provider to join newly launched firm Sentinel alongside Succession co-founder Andrew Smith.
Axa Elevate head of operations Mark Links and former Elevate chief operating officer Andrew Smith are set to leave the firm by the end of 2014.
Old Mutual is considering launching a direct-to-consumer proposition after the firm ditched the adviser-focused Skandia brand last month.
Chessell joined the firm in July 2012 and was formerly Skandia UK sales director.
Annuity providers are in talks with investment platform technology providers to power retirement income propositions from April next year.
The Skandia brand, which launched in the UK in 1979, disappears from today.
The Platforum has announced a number of management changes following the resignation of founder and managing director Holly Mackay.
Spend on new Bravura system pushes platform into £567k loss
News comes as Octopus signs an agreement with Novia to offer Octopus Inheritance Tax Service on the platform.
Nucleus chief financial officer Aileen Mathieson is to join Zurich as chief investment officer.
Money Marketing understands a number of banks and even fund managers are exploring options to build on their ability to deal direct with investors.
Advisers warn that providers widening their D2C presence must avoid overlap with advised client business
James Hay expecting to find “workable solution that fits within the new rules”.
Fund re-registration firm Calastone has appointed BNY Mellon head of transfer agency for EMEA and Asia Pacific Jon Willis as chief commercial officer.
Provider consulting with advisers over product development.
The £2.2bn deal with Manulife saw the firm pay £1.75bn to shareholders.
Head of financial planning Danny Cox says the proposition will carry a TER below 2 per cent.
Company says ‘ability to assist client without increased liability’ set to increase.
Lyons joins the platform after 12 years at Axa Wealth.
D2C firm plans to target older, wealthier clients.
Wrap platform to provide loan facility up to £750,000.
Analysts at Morgan Stanley expect Hargreaves to secure a banking licence in a bid to retain clients and capitalise on Budget reforms.
Wealth Horizon to charge 0.25 per cent for initial advice and 0.5 per cent ongoing.
Customer services director David Beattie appointed to head up non-advised channel.
Nucleus saw £965m inflows, up 15 per cent from £837m in 2013 and also moved onto new Bravura Solutions platform Sonata.
Insurer to develop a range of Isas as part of £100m plans to diversify away from annuities.
Insurer to develop a platform and a range of Isas as part of £100m plans to diversify away from annuities.
Rival platforms have recently moved to reduce drawdown charges post-Budget.
Freddie Findlater has been with consultancy since 2008.
Platform provider FNZ chief operating officer David Page has left the firm following a management restructure.
The star manager’s newly launched equity income fund took the top spot as the most popular actively managed fund on the ATS platform.
Vine-Lott leaves his role with immediate effect after 13 years at the trade body.
Old Mutual Wealth business sees pre tax profit increase 11 per cent.
Friends Life group chief executive Andy Briggs says the company plans to boost its direct-to-consumer proposition following the Budget announcement.
Firm elso eyeing equity release launch and will expand drawdown post-Budget
Minimum fee now set at £1 and maximum at £10.