Platforms

Investment Week understands insurer Zurich UK has approached a number of asset managers with plans to create a fund management business in the UK.

D2C platform Charles Stanley Direct reported a net revenue increase of just £3,000 in 2013, blaming rising industry costs, but the wealth manager saw revenues jump 18% overall as AUM hit a record £20bn.

Fidelity has launched its own new-look pricing structure as it moves to wrestle control of the D2C market from Hargreaves Lansdown, but how does its pricing compare?

SEI has appointed former Cofunds and Skandia CEO Brett Williams as managing director of its private bank platform, SEI Wealth.

Fidelity has undercut Hargreaves Lansdown with its new pricing structure, introducing an AMC of 0.35% for clients with total assets up to £250,000.

Meera Hearnden, senior analyst at Hargreaves Lansdown, is to exit the business at the end of this month.

Nearly 50% of the UK's adviser community wants platforms to carry out bulk switches to clean share classes for their clients, research from FundsNetwork has discovered.

One story dominated the headlines this week as Hargreaves Lansdown revealed its new pricing structure, but an insider dealing investigation and some fund tips for 2014 also enthralled readers.

Alliance Trust Savings (ATS) is offering £150 cash back to customers who open a new account and transfer their investment from another provider to an ATS ISA or individual dealing account (IDA).

Nick Train, a long-term backer of Hargreaves Lansdown, has said the platform's assets could hit £240bn by 2020 - a figure which would mean adding £200bn in AUA over the next six years.