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The private equity firms eyeing wrap provider Transact have withdrawn their approaches, Professional Adviser's sister title Investment Week understands.
The departure of star managers may have hidden costs for investors "stampeding" for the exit, a wealth manager has warned.
Investors wishing to move from direct-to-consumer to adviser platforms face "punitive" exit fees, according to analysis by the lang cat.
Bank of England policymakers expect inflation to fall below 1% over the next six months, according to the latest quarterly Inflation Report.
Friends Life may offer multi-asset funds when it launches its retail platform in April next year, its chief executive has confirmed.