Platforms

Charles Stanley's pre-tax profits are likely to fall 10% short of market expectations due to rising costs, the wealth manager has warned.

'It's like everyone's over the mental fug of RDR and is ready to hold the industry to account..'.

Hargreaves Lansdown received almost 3,200 complaints in the second half of last year, figures published by the Financial Conduct Authority (FCA) show.

Cofunds' chief executive David Hobbs has told Investment Week the platform has not written off plans to introduce investment trusts to the platform, and may look to include them in future.

AXA Elevate has cut charges on portfolios valued at £1m or more for new and existing customers.

Holly Mackay, the founder and MD of platform advice, research and events business The Platforum, is to take a sabbatical later this year, Investment Week can reveal.

Aegon's decision to introduce price caps on the Retirement Choices wrap and the One Retirement SIPP is "potentially game changing", according to platform consultancy the lang cat.

Cofunds' pre-tax profits for 2013 have fallen 16% after a rise in assets under administration was offset by L&G's attempt to reverse 'years of under-investment'.

Standard Life has confirmed it will offer 290 discounted ‘superclean' funds on its platform, at an average AMC of 53bps, following months of negotiations.

Fidelity Personal Investing has called for a ban on exit fees from all long term savings products in order to improve competition in the direct-to-consumer marketplace.