fund platform

Platform giant Skandia's sales force is understood to be facing a significant reduction in numbers after the group - now known as Old Mutual Wealth - revealed there will be 200 jobs lost across the business.

Cofunds is planning to target life companies failing to attain traction in the platform market.

Direct-to-consumer platform giant Hargreaves Lansdown has called in external consultants to review its proposition and assess what technology could be added in future to enhance the service.

There is no longer any "good reason" why clients should pay above 40 basis points (bps) for access to a platform, an analysis of the market has concluded.

The winners of the Aberdeen UK Platform Awards 2012 were announced at a glittering awards ceremony in London last night.

Platforms could see a sharp rise in operating costs if multiple share classes exist for pre- and post- the cash rebate ban, according to the Tax Incentivised Savings Association (TISA).

Providers attempting to avoid being classified and regulated as platforms could see additional rule changes from the Financial Services Authority (FSA), according to its head of investments policy.

The Skandia label will disappear in the UK and a number of senior roles have been reshuffled as part of a major overhaul of the Old Mutual Wealth Management business.

Ecclesiastical is launching RDR-ready institutional share classes across its range of six funds.

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