fund platform

Hargreaves Lansdown has said 20% of its clients will see fees go up as a result of its charging overhaul, although it added these clients are able to cut their charges by changing the way they invest.

Nucleus is considering launching a direct-to-consumer (D2C) platform in an effort to better serve the 6,000 orphaned clients it currently redirects to Hargreaves Lansdown each year.

Transact has said it will halve both its buy commission and dealing charges from 1 March.

Allfunds Bank has appointed Danny Wynn, former platforms director at Legal & General, as head of fund groups for UK, Ireland and Middle East.

Aegon UK is to buy Novia Investment Services Limited (NISL) from parent Novia Financial in a deal which brings its platform development business in-house, Investment Week can reveal.

Next year will bring the realisation that super clean is not so super, predicts Fidelity FundsNetwork, with rebates trumping super clean share classes.

Zurich UK Life has appointed Richard Romer-Lee's new consultancy firm to help with the launch of a new investment fund proposition for its intermediary platform in the coming year.

Fidelity Worldwide Investment has secured best price fund deals from the vast majority of its major fund partners after groups agreed to sign up to its recently-unveiled Access programme.

RETREAT!

AJ Bell has introduced a capped annual charge on its new-look D2C platform Youinvest as it unveils its pricing strategy for 2014.