Platforms

Hargreaves Lansdown co-founder Peter Hargreaves has said his biggest fear is how customers will react to forthcoming changes to the platform's pricing model.

Hargreaves Lansdown expects to announce details of its new pricing model for funds in "November or December" after it reported record full-year results for 2013.

AXA Wealth has announced former Skandia strategy manager Kate Randall-Coles is to take over from Graham Bentley as head of fund group relations.

Sanjeev Shah is to step down as manager of Fidelity Special Situations at the end of 2013, while colleague Allan Liu is to step back from the group's UK-domiciled South East Asia fund.

Platform Novia is to launch its own fund management arm in the final quarter of the year, providing advisers with a range of risk-rated portfolios to offer to clients.

Hargreaves Lansdown is in talks with a number of fund groups to secure exclusive deals to sell their passive products at discounted prices.

COST-CUTS

Skandia has appointed Standard Life Investments' (SLI's) head of regional client marketing Alistair Campbell as head of investment marketing.

Standard Life aims to convert all investments currently held in bundled share classes on the platform to their unbundled ‘clean' equivalents by the end of the year, it announced today.

Platform providers who are overcharging for propositions are finding the "the noose is tightening" around them, according to a new pricing guide.