Product provider Aegon has distanced itself from a view attributed to its head of marketing that advisers have been "disintermediated" and that its future lies in direct relationships with consumers.
Turning Martin Currie into a powerhouse
Hargreaves Lansdown is reducing the minimum investment required to open an account from £500 to £100 in a bid to entice low-value clients.
Nearly half of advisers already have the majority of their recurring revenue coming from fees, according to a FundsNetwork survey, less than two years to go until the April 2016 deadline where all on-platform assets need to be moved to clean share classes...
Standard Life has called for platforms with super clean deals to house alternative share classes in order to aid re-registration.
Platform sales reached a new record in the second quarter, according to a Fundscape report which pointed to Budget reforms as a key driver of the surge in interest.
Old Mutual Wealth's soon to be re-branded Skandia platform today reported profits had jumped 400% in the first half of 2014 to £10m, while assets in its recently-launched WealthSelect range hit £1bn.
Legal & General is to roll out an expanded D2C platform offering by the end of 2014 as it seeks to complement Cofunds with an enhanced direct service.
Assets on AXA Wealth's Elevate platform rose 31% to £8.4bn in the first half of the year, as the wider business approached break-even point.