Platforms

Standard Life has announced a review of its FundZone and Sigma fund supermarkets, in a move to make them more "wrap-like".

FIXED FEES

Cofunds has abandoned a proposed tie-up with Barclays Stockbrokers to list investment trusts and ETFs on the platform in a blow for providers.

AXA Wealth is launching an exclusive share class on the Architas range for Elevate users, which delivers a 20bps reduction in the standard clean share class charge.

Hargreaves Lansdown has begun the process of telling groups if their tenders for inclusion in its ‘core' Wealth list have been successful, and is understood to have secured prices of around 50bps for equity funds and less for fixed income funds.

AXA Wealth is launching a new share class on the Architas range for Elevate users, which delivers a 20bps reduction in the standard clean share class charge.

Novia's in-house discretionary fund management service, Copia Capital Management, has gone live today, and the platform has already seen interest from several adviser users.

Old Mutual Global Investors (OMGI) has reported rising net sales in the third quarter, which it attributed to strong flows into its new UK Alpha fund for former Schroders' head of UK equities Richard Buxton.

Ascentric, the Royal London-owned wrap platform, has seen net new business jump by 46% in the third quarter.

Standard Life has warned clients using its Wrap and Fundzone platforms they face a hike in fees if they stay invested in a small range of funds which are not planning to offer clean share classes.