Funds

The Financial Services Authority(FSA) is planning to delay the release of the final rules for platforms until early 2013, Investment Week can reveal.

AXA Wealth has unveiled its post-Retail Distribution Review (RDR) tiered pricing structure, which will come into force from January.

Skandia has agreed a deal with eight external fund groups whose funds will feature in its restricted panel, Investment Week can reveal.

Caledonia trust has recruited Stuart Bridges, chief financial officer at insurer Hiscox, to join its board as it continues to implement a turnaround plan in an effort to narrow its discount.

Natixis Asset Management has launched an investment division dedicated to creating long-term value from socially responsible investments.

Young people in Britain are saving nearly one fifth of their monthly disposable income, which is more than any other age group - but only 12% are using this money to save for retirement, according to research by asset manager BlackRock.

Skandia will switch to its unbundled platform pricing model on Tuesday 18 December - two weeks before the Retail Distribution Review (RDR) deadline.

ETHICAL

Old Mutual Wealth is planning to turn around its Skandia platform by halving costs as a proportion of FUM after the business made a £5m loss in the first half of 2012.

George Osborne is considering a new tax raid on the pension contributions of richer voters, after rejecting the idea of a "wealth tax" based on higher council rates for luxury homes and apartments.