Funds

The majority of advisers are preparing to carry out extra platform due diligence following the publication of the Financial Conduct Authority's (FCA) platform paper.

Hargreaves Lansdown is planning to secure "as good if not better" terms with fund groups on super clean share classes as Standard Life, after the latter announced it had secured preferential deals with 15 fund providers.

Standard Life has claimed it has secured super-clean fund classes from 15 major fund groups, the first confirmation that asset managers are willing to give ground on pricing.

INVESTMENT TRUSTS

Transact head of marketing Malcolm Murray has announced his intention to depart the firm after nearly 13 years employment.

Platforms will need to have at least £40bn in assets under management to survive the margin squeeze caused by new regulations, research by Deloitte has claimed.

Axa Wealth has appointed Skandia's former head of proposition Graham Bentley as its interim head of fund group relations.

Blackrock has completed the purchase of Credit Suisse's ETF business as part of an expansion into the Swiss market.

Polar Capital has completed the initial public offering for its Global Financials investment trust, raising £153m in the process.

This week has seen further volatile moves in markets - particularly within fixed income as investors unwind positions in government and emerging debt - while Chinese equities also hit the headlines on fears of a slowdown in the country.