fund platform

Skandia has launched a critical illness (CI) product as many advisers "re-prioritise" protection following changes to retail investment advice made following the Retail Distribution Review (RDR).

A breakaway movement of platforms pushing for special share classes could create a ‘cartel' between bigger firms, according to AXA Elevate.

Standard Life has rejected suggestions the use of preferentially-priced share classes launched by fund groups for specific platforms could breach competition laws.

Four platforms are to allow advisers to automatically calculate tax liabilities for clients, following HM Revenue and Customs' decision to tax rebates paid by fund managers.

Stirling House Financial Services is launching five new fund of funds aimed at private clients, to be managed by Sarasin & Partners.

Skandia is to add clean share classes to its platform following HM Revenue & Customs' decision that rebates to customers are taxable.

Transact has criticised fund managers for failing to allow advisers to move large holdings from bundled to clean share classes.

Standard Life's wrap platform is to scrap rebates on new and existing business and move to a clean share class only model by the start of the 2014/15 tax year, Investment Week can reveal.

Transact has moved to tackle difficulties accounting for the incoming rebate tax with the creation of a new automated system to calculate it.

Alliance Trust Savings (ATS) is to convert its legacy business to clean share classes, after HM Revenue & Customs (HMRC) announced it will tax unit and cash rebates.