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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.

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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.

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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.

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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

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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.


Platforms look to tackle re-reg rejections

18 July 2014 11:00 am | By Michael Glenister

Electronic re-registration attempts falter on data mismatch


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.

Scotland cover

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.


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.

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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.


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.

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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”.

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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.

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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.

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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.


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. 

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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


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.


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.


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.

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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 

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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?


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.


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


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


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 


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.


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.


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.

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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”.

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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.


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.


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.

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Axa announces preferential share class deals

18 June 2014 12:53 pm | By Michael Glenister

Funds from OMGI, Schroders, Threadneedle, Investec and Blackrock run at discount.


Parmenion launches simplified advice service

18 June 2014 10:33 am | By Sam Macdonald

Interact system has been developed in-house and allows advisers to offer a white-labelled online simplified advice service.

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