fund platform

Will product developments leave re-registration progress standing?

Hargreaves Lansdown has topped the Platforum's first list of Britain's best D2C platforms despite charging a higher price than many competitors.

Platform fees will remain VAT exempt, according to guidance released by HM Revenue and Customs.

Alliance Trust Savings (ATS) has signed an agreement with technology firm GBST to provide administration for the wrap.

Charles Stanley Direct has moved to capture large clients from competitors by scrapping its own charge for new or re-reg clients with £500,000 or more, for a limited period.

Advisers are being urged by Nucleus to adopt a phased approach to platform due diligence ahead of the introduction of new rules on 6 April, with pricing ranked as the least important consideration.

Aviva is introducing a platform charge of 0.15% for new customers with portfolios valued at more than £400,000.

Nigel Wray, chairman of Saracens rugby club, has invested a "significant" amount in fund platform Nutmeg.

Skandia has dropped HSBC's £152m ($251m) Frontier Markets fund from its platform because of the timing of its trading days.

Hargreaves Lansdown has been urged to end a pricing 'anomaly' that could otherwise mean wealthy clients miss out on the benefits of its new pricing structure.