A wealth manager has launched a platform centred on discretionary fund management that claims to reduce costs for advisers by about 1%.

Axa is to continue to offer its Elevate platform at a discount in order to entice advisers into its Architas fund range, albeit at a reduced rate.

Skandia has sent its post-RDR platform live, after being unavailable for the last three days.

Tied wealth manager St James's Place has sent its advisers guidance on how best to describe its restricted service.

FIVE THINGS

The Financial Services Authority (FSA) has been cleared of wrongdoing by the Complaints Commissioner after a consumer complained over its handling of alleged mis-selling of an equity release-style scheme.

Skandia's multi-manager range is to compete on price with the directly-invested sector, as part of the group's plan to continue aggressive negotiation with fund managers.

A Brewin Dolphin broker sparked a brawl after discovering a colleague was having an affair with his fiancé, a court has heard.

About 8% of clients on the Skandia platform are signed up for adviser charging ahead of the provider's 18 December launch of its Retail Distribution Review (RDR)-ready charging model.

Barclays is closing Woolwich Plan Managers as it rolls out its structured investment products on third party platforms.