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.
A move by Architas to extend superclean share classes to all UK platforms shifts the competitive advantage held by large players in the market.
Two members of the famous Rothschild family have put their own money behind an AI-powered wealth manager offering for UK retail investors.
Platform provider Nucleus confirmed on Monday it is pursuing a listing on the alternative investment market (Aim) with trading to commence in late July.
Invesco has entered a direct relationship with advisers with the purchase of back-office software provider Intelliflo for an undisclosed sum.
HMRC’s decision to appeal a £15m tax ruling in favour of Hargreaves Lansdown leaves the investment industry in limbo over discount mechanisms on funds.
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%.
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.
Platforms’ market dominance has declined over the past year, according to the Investment Association’s (IA) January statistics.
Integrafin, the parent company of investment platform Transact, has been admitted to the London Stock Exchange’s main market for listed securities.
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.
