Axa Elevate has cut charges on portfolios valued at £1m or more for new and existing customers.

Super clean and others; why fund groups took different approaches to passing on cheaper costs

Aegon's decision to introduce price caps on the Retirement Choices wrap and the One Retirement SIPP is "potentially game changing", according to platform consultancy the lang cat.

Pricing caps on assets under management in the advised platform market will be industry standard within the next ten years, according to Aegon investment director Nick Dixon.

Aegon is to simplify the charging structures for the One Retirement SIPP and the Aegon Retirement Choices (ARC) wrap, benefiting clients with larger asset pots.

AJ Bell is aiming to start converting existing fund holdings on the platform to the clean share class equivalents in the final quarter of the year.

Invesco Perpetual has made three appointments to its UK equities team.

Henderson Global Investors has scrapped plans for the creation of preferential share classes in order to offer intermediaries a "level playing field".

Standard Life has secured discounts from 12 external fund groups across 291 clean funds, equivalent to an average AMC discount of 13bps.

Charles Stanley has appointed Simon Davis as a director of wealth management in the company's financial services division.