Faulty Aviva platform sends advisers false 10% drop warning
Aviva has been forced to issue another apology to advisers after they were wrongly sent a notification that the value of their clients’ portfolios had dropped by more than 10%.
Platforms
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FCA mulls disclosure changes in fees experiment
The Financial Conduct Authority (FCA) has said it will consider changing rules and guidance around fee disclosure in a paper examining the results of a behavioural investing experiment conducted with more than 1,000 non-advised investors.
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Fund platforms lose market dominance
Platforms’ market dominance has declined over the past year, according to the Investment Association’s (IA) January statistics.
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Transact receives premium listing in £650m IPO
Integrafin, the parent company of investment platform Transact, has been admitted to the London Stock Exchange’s main market for listed securities.
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Record year for investment trust platform sales
Despite a drop in quarterly sales, investment trust purchases on fund platforms in the first nine months of 2017 have surpassed all records data compiled by Matrix Financial Clarity shows.
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Advisers resist upping passive exposure
Active funds remain advisers’ top product of choice when building portfolios after research found more than half invested less than 20% of client money into passive funds.
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Platforum shakes up senior research team
Platforum has shaken up its senior team with two promotions, it announced on Monday.
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Platforms suspend funds over missing Priips document
Bestinvest has temporarily removed a handful of investment trusts from its platform as providers failed to deliver the documents required by regulations which came into force last week.
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How to solve a problem like platforms
It may be a while until the Financial Conduct Authority unveils the results of its probe into the UK platform market but the investment world already has its own views on how they can be improved.
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Platform assets to nearly triple in five years
After hitting £560bn in the third quarter of 2017, Fundscape forecasts that assets held on fund platforms could surge to £1.4trn by 2022.
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Advisers set to embrace platform technology
A third (36%) of financial advisers plan to direct more business to platforms over the next 12 months, according to a report by Aegon.
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The best value platforms for investment trusts
The most cost-effective platforms for holding and trading investment trusts have been identified by the Association of Investment Companies (AIC).