Platforms

Morgan Stanley has upped its price target on Hargreaves Lansdown by 50% after the bank's analysis suggested consumers are prepared to pay more for advice and platforms than previously anticipated.

Transact has said it will halve both its buy commission and dealing charges from 1 March.

Hargreaves Lansdown co-founder Stephen Lansdown has cleared £35m of debt from the balance sheet of Bristol City, the football club in which he holds a majority stake.

J.P. Morgan Asset Management (JPMAM) is to discontinue third party funds on its Wealth Manager Plus D2C platform.

Allfunds Bank has appointed Danny Wynn, former platforms director at Legal & General, as head of fund groups for UK, Ireland and Middle East.

Hargreaves Lansdown is to unveil its long-awaited unbundled pricing model on 15 January.

Charles Stanley Direct has cut its share dealing rate by 25% to £7.50 per trade for the whole of January, in a bid to encourage clients to annually rebalance their portfolios.

Alliance Trust Savings (ATS) is increasing the annual administration fee for the platform by up to £35 from the start of February.

Hargreaves Lansdown co-founder Peter Hargreaves has questioned the need for businesses to pay corporation tax, saying he has "never understood" the concept.

Aegon UK is to buy Novia Investment Services Limited (NISL) from parent Novia Financial in a deal which brings its platform development business in-house, Investment Week can reveal.