Legal & General has acquired the remaining 75% of Cofunds it does not currently own, in a deal worth £131m.
Legal & General (L&G) has agreed to acquire the 75% share capital of Cofunds which it does not already own, for a cash consideration of £131m.
The decision by HM Revenue & Customs (HMRC) to tax rebates to consumers has prompted Skandia to review its recently announced unbundled charging structure, Investment Week can reveal.
Alliance Trust Savings (ATS) is to convert its legacy business to clean share classes, after HM Revenue & Customs (HMRC) announced it will tax unit and cash rebates.
Platforms have predicted the swift death of the rebate model following confirmation that HM Revenue & Customs (HMRC) will apply income tax to both unit and cash rebates.
Axa Wealth has added the eleven-strong fund range from Carmignac Gestion to its Elevate platform.
Aviva is to combine its wrap platform and legacy business into one online system, in a bid to accelerate wrap growth and streamline the service provided to advisers.
Axa Elevate has questioned the decision by a number of major platforms to eschew clean share classes, despite increasing Financial Services Authority (FSA) action against rebates.