Platforms

Old Mutual Wealth is removing the annual pension drawdown fee and scrapping the current minimum charge on its platform in order to simplify its charging structure.

Bravura is understood to be in pole position to win the technology contract to power Cofunds, following months of negotiations, in a switch which would see it replace International Financial Data Services (IFDS).

The head of AXA Elevate's operations team has left the business following a restructure, Investment Week can reveal.

Old Mutual Wealth has appointed former Rathbone Brothers chief executive Andy Pomfret as a non-executive director.

Investment Week news editor Nick Paler has been named journalist of the year at the Aberdeen UK Platform Awards for a second successive year.

Old Mutual Wealth chief executive Paul Feeney has told analysts that platforms must seek to integrate with other businesses if they are to survive in the coming years.

Ian Gorham, chief executive of D2C giant Hargreaves Lansdown, saw his total pay climb to £10.6m this year after cashing in some long-term share options.

AXA Wealth is to launch a list of around 100 favoured funds in the mould of Hargreaves Lansdown's Wealth 150, to help advisers "cut through the noise" of fund selection and focus on funds with a record of outperforming.

Holly Mackay, the founder and MD of platform advice, research, and events firm The Platforum, has resigned from the business, the group has confirmed.

Tax planning specialist Octopus has hired Shaun Sandiford from AXA Elevate to head up its relationships with platforms.