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.
Platforms
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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).
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EQ Investors’ ESG portfolios join Aviva platform
EQ Investors, the boutique wealth manager launched by Bestinvest founder John Spiers, has announced its range of ESG portfolios are now available on the Aviva platform.
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FCA: Platforms’ best-buy lists favour affiliated funds
Best-buy fund lists compiled by direct-to-consumer platforms favour affiliated funds and those paying higher commission, research by the Financial Conduct Authority has found.
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PA ANALYSIS: Make-or-break time for The People’s Trust
Daniel Godfrey is on a charm offensive. With the initial public offering (IPO) of The People’s Trust pencilled in for 7 September, he is busy preparing to float the trust on two stock exchanges.
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Novia’s Vasilieff calls on FCA to ban exit charges
The FCA should ban exit charges and admin fees charged by restricted advisers and platforms for facilitating transfers, Bill Vasilieff, chief executive at investment platform Novia Financial says.