Platforms

The platform paper published by the Financial Conduct Authority (FCA) this week is set to change the landscape of the platform industry in the UK, but what were the main points?

The FCA has moved to crack down on the potential for fund costs to rise as a result of the introduction of clean share classes.

The Financial Conduct Authority is to allow nominal ‘de minimis' cash rebates of £1 or less, despite outlawing the payments in all but name.

The Financial Conduct Authority (FCA) is to consult on reading across its rules on platforms to adjacent markets, such as the self-invested personal pension (SIPP) market.

The Financial Conduct Authority (FCA) is to ban cash rebates paid to consumers from platforms from April next year.

BlackRock has lifted its stake in Hargreaves Lansdown to over 5% as it backs the platform's share price to continue its meteoric rise.

Hargreaves Lansdown is planning to cut its Wealth 150 list down to as few as 30 funds as it looks to adapt to the new pricing world post-RDR.

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.