Platforms

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.

Skandia is in talks with fund managers about retaining rebates in its pricing structure after unveiling details of its unbundled pricing model due out in the second half of next year.

Cofunds has today announced its new unbundled charging structure which will launch around the middle of next year alongside the bundled model. But is the supermarket offering a good deal for clients?