Funds

TRUSTS

Standard Life aims to convert all investments currently held in bundled share classes on the platform to their unbundled ‘clean' equivalents by the end of the year, it announced today.

Platform providers who are overcharging for propositions are finding the "the noose is tightening" around them, according to a new pricing guide.

PLATFORMS

Old Mutual Wealth has reported a pre-tax profit increase of 14% for the first half of the year to £108m, driven by a surge in gross inflows over the period.

Skandia, part of Old Mutual Wealth, is to outsource its administration to global IT and outsourcing firm International Financial Data Services (IFDS) in a 20-year contract.

The majority of advisers are positive on the impact the retail distribution review (RDR) will have on consumer confidence, while many have said there are signs it has already started to improve.

Legal & General (L&G) has signalled its intention to become a "major player" in delivering low cost passive investment solutions to UK retail clients as the group saw profits rise 13% in the first half of the year.

Franklin Templeton has hired former Insight and Armstrong manager Toby Hayes to manage a new multi-asset range, Investment Week can reveal.

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