Hargreaves Lansdown said the move to super clean share classes will not automatically lead to a "new normal" annual fund charge of 65bps, claiming it has already negotiated greater discounts with some groups.
AXA Elevate has played its hand in the super clean space by revealing it expects to get access to preferential share classes from a range of fund managers.
The Personal Finance Society (PFS) will lead its regional conference programme on adviser charging.
The shortlists for the Aberdeen UK Platform Awards 2013 have been announced. We start with the nominees for the big one: Platform of the Year...
Clubfinance, the discount broker and low-cost investment platform provider, has completed the acquisition of the client bank of Ivan Massow's Paymemy business, and is writing to clients pointing them to advice channels.
Entrepreneur Ivan Massow has agreed to transfer the client bank of his trail commission rebate business, Paymemy.com, to Clubfinance, in a deal enabling the customers to continue to receive rebates of 75%.