Funds

Platforms could see a sharp rise in operating costs if multiple share classes exist for pre- and post- the cash rebate ban, according to the Tax Incentivised Savings Association (TISA).

INVESTMENT TRUSTS

Fidelity FundsNetwork will roll out its Retail Distribution Review (RDR) ready adviser fees service on 8 October, facilitating ongoing, initial and specified fees.

Cofunds' ‘explicit pricing model' has gone live today, with 1,700 clean share classes from 85 fund groups.

Old Mutual Wealth - which includes the soon to be rebranded Skandia businesses - is planning to take stakes in adviser firms which become restricted as part of a major change in its business plan post-RDR.

Venture capital trusts (VCTs) are facing the prospect of a steep decline in fundraising if they are not granted an exemption from the FSA's ban into the sale of unregulated collective investment schemes (UCIS) to retail investors.

While many are hailing the RDR a new dawn for closed-ended funds, John Newlands, head of investment trust research at Brewin Dolphin, warns it could cut both ways.

Broker Oriel Securities has compiled a ten strong list of investment trusts trading on discounts which are too attractive to ignore, while also naming ten companies which are too expensive to own.

In the wake of the financial crisis, Invesco's Ciaran Mallon adopted a new mantra: invest in quality. Here, he explains what to look for in a company and highlights some outstanding examples in his Income Growth Trust

Ed Morse, head of investment trust business development at F&C Investments, examines the charging structures of closed and open-ended funds and asks which offers more value for money