Funds

The Financial Conduct Authority's head of asset management has given his stamp of approval to the current round of negotiations between asset managers and platforms, saying it is a good sign for industry pricing.

UBS Exchange Traded Funds has listed 14 ETFs on five UK platforms in a move to make its products more accessible to IFAs and retail investors, following a recent fee cut.

AXA Wealth recorded a 45% rise in assets under management at its Elevate platform in the third quarter of the year, helping the group push its overall assets toward £25bn.

VCT funds under management have hit £2.9bn this year, the highest level since the sector was established in 1995.

Skandia has abandoned plans to buy small stakes in IFA firms following conversations with the Financial Conduct Authority (FCA) in which the regulator said it was "uncomfortable" with the idea.

Threadneedle has abandoned plans to launch an Asset Backed Income trust after it failed to raise sufficient capital, Investment Week can reveal.

Half of advisers have considering launching an execution-only proposition following the introduction of the Retail Distribution Review (RDR), according to a recent poll, despite regulatory scrutiny of the market.

Customers of D2C platform Hargreaves Lansdown are likely to get lower prices if they transact business online.

Investment company purchases on platforms by advisers and wealth managers are up 53% in the first six months of 2013 against the same period last year, research by the Association of Investment Companies (AIC) shows.

INDIA