Platforms

Nucleus is launching a white label, execution-only platform in Q3 which will help advisers build and market a direct wrap proposition for clients.

Cofunds head of commercial, Russell Lancaster, says clean share classes represent the ultimate in transparency.

The Tax Incentivised Savings Association (TISA) has completed the initial stages of its platform re-registration project, and a contract club will now have responsibility for delivering electronic transfers.

PLATFORMS

The FSA's understanding of the platform industry has again been called into question after it sent an "odd" questionnaire to operators quizzing them on their relationship with fund managers.

Hargreaves Lansdown plans to charge investors who hold certain tracker funds on its Vantage platform a flat fee of up to £2 per month, compared to the current annual rate of 0.5%.

Cofunds has denied its backers want out after a report emerged that shareholder L&G has made an offer for the platform.

L&G has made an approach for Cofunds, in which it has a 25% stake, in a deal which could value the supermarket at up to £200m, according to reports.

Wrap platforms Ascentric and Transact have criticised the FSA after it requested the wraps provide it with details of hundreds of their customers in order to gauge their views on platform rebates.

Fidelity FundsNetwork is launching a new third party discretionary management service for advisers.