Platforms

The shortlists for the Aberdeen UK Platform Awards 2013 have been announced. We start with the nominees for the big one: Platform of the Year...

Novia's ongoing arrangement to build and administer Aegon's platform netted the group's subsidiary £1m in 2012, the latest results have revealed.

Advisers and consumers should ask ‘critical questions' about whether the experience of using platforms justifies the additional costs and complexities involved, according to Bruce Moss, founder and strategy director at eValue.

Wrap platform Novia has said it will no longer accept cash rebates on new or legacy business from April 2014.

The number of funds on Hargreaves Lansdown's Wealth 150 list has fallen below 100 for the first time after the removal of two more offerings.

Hargreaves Lansdown has moved to officially challenge HMRC's decision to impose a tax on platform rebates paid to consumers, after the revenue's move to introduce the tax earlier this year.

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.