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Beware potential fallout as platforms go bump

Advisers should be wary of guided architecture and the potential fallout from a wrap collapse, according to Thames River Capital.

Speaking at conference, head of investment partners Sarah Dillon predicted some platforms will pull out of the market due to costs.

She also cautioned against the use of guided architecture, where adviser choice is steered through a limited range of funds.

She said: “If you speak to lots of providers, not all of them are very clear on what their selection process is and how they add and close funds.”

Cofunds managing director Andy Creak warned of the danger of a platform going bust in the future.

He said: “American Express took a strategic decision not to proceed and then had the decency to do an orderly close-down. You will find that providers will go wrong, then a bit further wrong and try to dig themselves out of a hole.”


Tactica debuts retail multi-asset range

Multi-asset specialist Tactica has made its debut into the UK retail market with a range of three risk-graded Oeics, which invest directly in a range of asset classes and through investment funds.

Board changes at Home of Choice

Home of Choice chief executive officer Richard Coulson is to become the network’s executive deputy chairman following a series of board changes announced today. Managing director Gerry O’Brien will take over as chief executive. Chairman Keith Baldwin says Coulson will remain operationally involved in the business taking responsibility for strategy, policy and acquisitions, saying he […]

Henderson adds Neptune Euro opps

Henderson’s multi-manager team has added Neptune European opportunities to all three of its independent portfolio funds of funds.

Mortgages Plc to withdraw from BTL market

Mortgages plc has announced it is withdrawing from the prime buy to let market with immediate effect.The company will continue to process prime BTL applications until close on Wednesday 26th March, but will accept no new applications thereafter.Head of marketing Polly Hughes says: “We have seen both an increase in the number of new buy […]


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