Tenet has made a number of appointments following the departure of Keith Richards to head the Personal Finance Society.

Fidelity FundsNetwork has expressed surprise over fund managers opting to raise prices in newly-launched clean share classes.

FUNDS

Skandia has criticised rivals for failing to offer an adequate re-registration process, forcing the platform to allow cash transfers into ISAs as an alternative.

FIVE THINGS

Fidelity FundsNetwork and Skandia have completed the first electronic in-specie transfer of assets between two rival platforms - a key requirement of Retail Distribution Review (RDR).

Tenet distribution director Keith Richards has left the firm after nine years.

Cofunds has become the UK's first platform to pass £50bn of assets under administration (AUA).

A larger-than-usual increase in pension sales in the final three months of last year suggests a "push for commission" among financial advisers, according to research consultancy Fundscape.

Platforms are questioning whether delays among the 'big three' propositions in listing investment trusts (ITs) may be compromising the independent status of the advisers who use them.