FCA to focus on ‘value for money’ in platform probe
The Financial Conduct Authority (FCA) has launched a review aimed at assessing whether investment platforms, including those offered by life companies, operate in the customer’s best interests.
Platforms
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Nucleus slashes platform fee for wealthy clients
Nucleus is set to slash costs for high-value clients on its platform to meet demands for a “more competitive structure” for large portfolios.
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Vanguard direct-consumer platform a ‘step change in customer experience’
Vanguard’s new direct-to-consumer platform has been hailed as a potential threat to established investment-distribution giants, in research by Platforum.
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PA ANALYSIS: Are platforms facing an ‘existential crisis’?
As certain platform businesses boomed in Q1 with year-on-year sales over 30% higher, others posted huge losses, begging the question: are they facing an “existential crisis”?
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Allfunds to add ETFs as Mifid II looms
Allfunds Bank is adding exchange-traded funds (ETFs) to its investment platform in recognition of wealth management evolution following Mifid II.
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AJ Bell launches online hub to cut through due diligence confusion
AJ Bell has launched an online hub to help advisers and wealth managers navigate the tricky world of due diligence when choosing investment platforms.
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UBS targets mass affluent market with new wealth platform
UBS Wealth Management has rolled out a new digital platform targeting a broader pool of UK investors.
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L&G sells Cofunds to Aegon
Legal & General Group has sold its investment platform Cofunds to Dutch insurer Aegon.
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Platforms face inflection point as competition cuts margins
The ongoing technological revolution has levelled the financial services playing field globally argues Jaco van Tonder, head of advisory services at Investec Asset Management – and with that levelling comes both risk and opportunity.
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Fundsnetwork boosts investment trust options
Fundsnetwork has added 25 investment trusts to its offering as a result of adviser demand, it said on Tuesday.
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PA ANALYSIS: Should IFAs and fund supermarkets fear the price war?
The investment industry has seen an unusual flurry of fee cuts, transparency improvements and new launches recently but is this all for the better or a reason to worry for some?
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RSMR rolls out IFA platform, plans SRI launch
Fund research and ratings group RSMR has launched a platform to host its suite of seven risk-aligned Rfolios, with further passive and SRI-focused model portfolios being considered.
