Platforms

Platform giant Cofunds has denied it is instigating a pricing war with the wraps as it rolls out an unbundled charging model.

Platform giant Cofunds has asked fund groups to commit to developing commission-free share classes by November as it moves to align itself with RDR.

Brett Williams, the former head of both the Skandia and Cofunds platforms, has joined the board of boutique fund house Insynergy Investment Management as a non-executive director.

Fidelity FundsNetwork is disclosing its fund manager fees as it looks to create a more transparent market and prove its pricing policy is free from commercial bias.

Advisers have rushed to income-generating funds amid recent market turbulence, according to FundsNetwork sales figures.

Fidelity FundsNetwork has laid down the gauntlet to rivals by pledging to disclose payments it receives from fund groups by the end of the month.

The FSA today said it wants to proceed with its plan, originally mooted in March 2010, to ban payments from fund managers to platforms.

The FSA's platform policy paper has been delayed to Q3 as the regulator struggles to formulate final rules on controversial areas including the proposal to ban cash rebates.

Apollo Multi Asset Management has launched a discretionary fund management service with six risk managed portfolios on the Novia platform.

Cofunds has appointed Openwork CEO Martin Davis as chief executive.