Interactive Investor eyeing advisers in ATS deal
Board member in negotiations reveals key selling points
Board member in negotiations reveals key selling points
Net inflows across the industry are down 55% in the year to date
Investment trust has been shedding non-core assets over the last 18 months
Fundsmith Equity shunned despite lower fees and longer track record than some constituents
Tech firm that powers platforms at firms such as Aviva and Zurich valued at £1.7bn
Smithson Investment Trust trials direct investing technology for IPO
ATS represents a third of the investment trust’s shareholder base
Fidelity International’s platform at important point in its evolution
FCA worried established clients are stuck on expensive legacy platforms
UK investment management company AFH Group has blasted platforms as too expensive and announced the company will be absorbing fees for new clients and scrapping them for existing clients.
The Financial Conduct Authority has failed to recognise platforms with whole of market fund offerings lack the negotiating power of their peers who have buy lists or limited fund ranges as it calls on the industry to drive down fund fees on behalf of consumers.
From banning exit charges to drawing on the platform industry to tackle orphan clients, the Financial Conduct Authority (FCA) has outlined seven remedies to improve consumer outcomes.