fund platform

UK platform Skandia has reported profits of £13m in 2013, up from £2m in 2012, after net inflows of over £2bn last year.

Could the intense price war among D2C platform providers spill over into the advised space? Henry Brennan finds out what it could mean for long-term sustainability.

Chelsea Financial Services today announced it will be cutting its headline annual charge from 0.5% to 0.4% from 6 April, as it moves to compete with rivals in the direct to consumer (D2C) space.

Henderson Global Investors will offer its discounted clean share classes to all distributors, rather than through exclusive platform deals, according to chief executive Andrew Formica.

Charles Stanley has rolled out its Collectives Portfolio Service to five platforms.

LEADER

Unbundled pricing now visible on Fidelity's 'Select List' service suggests asset managers have avoided a squeeze on margins, with just four of 66 active equity funds priced below 75bps.

Direct-to-consumer platform Strawberry Invest has launched today, with an annual platform charge of 0.40% on the first £50,000.

Fidelity Worldwide Investment is set to launch a new equity index range in March, available to the adviser market exclusively through FundsNetwork with fees starting at 0.09%.

Skandia has unveiled its range of sub-advised mandates via its WealthSelect proposition, achieving some impressive fund prices in the process, but its structure raises new challenges for re-registration.