fund platform

Hargreaves Lansdown CEO Ian Gorham has sold an interest in 750,000 of the group's shares for £3.35m and reinvested half the proceeds back in the company.

The FSA is preparing to extend the deadline for platforms to implement its proposed changes to the industry beyond the current target date of 31 December 2013, Investment Week understands.

The Financial Services Authority (FSA) has begun informal discussions with key industry players about a potential ban on all fund commission payments from the start of 2014 for business written on platforms.

The Financial Services Authority(FSA) is planning to delay the release of the final rules for platforms until early 2013, Investment Week can reveal.

Skandia has agreed a deal with eight external fund groups whose funds will feature in its restricted panel, Investment Week can reveal.

Skandia will switch to its unbundled platform pricing model on Tuesday 18 December - two weeks before the Retail Distribution Review (RDR) deadline.

Old Mutual Wealth is planning to turn around its Skandia platform by halving costs as a proportion of FUM after the business made a £5m loss in the first half of 2012.

AXA Elevate is to lower the discount it offers to users who buy the group's own Architas fund range in 2013.

High-net-worth wrap provider Platform One and Seed EIS are to launch an integrated platform for Enterprise Investment Schemes.

The technology firm behind the Cofunds platform is in talks to run a full platform service for the company, Investment Week's sister title IFAonline understands.