Platforms

Hargreaves Lansdown co-founder Stephen Lansdown has sold 5.5m shares in the wealth manager, bringing his stake in the company down below 20%.

Skandia has launched a critical illness (CI) product as many advisers "re-prioritise" protection following changes to retail investment advice made following the Retail Distribution Review (RDR).

A breakaway movement of platforms pushing for special share classes could create a ‘cartel' between bigger firms, according to AXA Elevate.

Standard Life has rejected suggestions the use of preferentially-priced share classes launched by fund groups for specific platforms could breach competition laws.

Four platforms are to allow advisers to automatically calculate tax liabilities for clients, following HM Revenue and Customs' decision to tax rebates paid by fund managers.

Jupiter said today it intends to use the money raised from the Cofunds sale to pay down debt as it unveiled a near £3bn rise in assets under management.

Hargreaves Lansdown has achieved record levels of assets under administration after attracting £4.7bn of new money in the three months to April.

Stirling House Financial Services is launching five new fund of funds aimed at private clients, to be managed by Sarasin & Partners.

HM Revenue & Customs's (HMRC's) decision to tax unit and cash rebates could violate UK case law on competition, according to a platform consultancy.

Skandia is to add clean share classes to its platform following HM Revenue & Customs' decision that rebates to customers are taxable.