fund platform

The increasingly rapid move towards restricted architecture and a focus on cost above all else across the financial services industry could spark the next mis-selling scandal, Fidelity's Ed Dymott has said.

The retail financial services industry is expecting to see a proliferation of share classes, a price war, and customer confusion as a result of the decision to ban rebates, new research has claimed.

A record year to date performance has taken Ascentric and IFDL past the £7bn milestone for assets under administration.

The platform industry "nudged" into a collective profit for the first time in its history in 2012, according to figures compiled by Altus.

Hargreaves Lansdown has begun the process of telling groups if their tenders for inclusion in its ‘core' Wealth list have been successful, and is understood to have secured prices of around 50bps for equity funds and less for fixed income funds.

Novia's in-house discretionary fund management service, Copia Capital Management, has gone live today, and the platform has already seen interest from several adviser users.

Standard Life has warned clients using its Wrap and Fundzone platforms they face a hike in fees if they stay invested in a small range of funds which are not planning to offer clean share classes.

Some asset managers and platforms are displaying 'common weaknesses' in their defences against money laundering, bribery and corruption, the Financial Conduct Authority (FCA) has said.

UBS Exchange Traded Funds has listed 14 ETFs on five UK platforms in a move to make its products more accessible to IFAs and retail investors, following a recent fee cut.

Hargreaves Lansdown's head of research Mark Dampier has sold a portion of his stake in the platform giant for more than £620,000.