Technology

HEY POPS

The introduction of super clean share classes will be a short-lived arrangement but one that still has the potential to drive platform consolidation, says UBS Wealth Management executive director Graeme Price.

Five firms have been named on the shortlist for the Best Platform for Adviser Service gong at next month's Aberdeen UK Platform Awards.

Avelo's business development director Paul Yates has stepped down after four years in the role following the firm's acquisition by technology provider Iress.

Hargreaves Lansdown has moved to officially challenge HM Revenue & Custom's (HMRC's) decision to impose a tax on platform rebates paid to consumers, after the revenue's move to introduce the tax earlier this year.

The Financial Conduct Authority (FCA) has outlined the scenarios in which the payment of cash rebates from providers to consumers can continue after a wider ban comes into force next year.

Morningstar's managed portfolio service for advisers is now available on Transact.

Investment administration provider Wealthtime is partnering with fund research and analysis tool FE Analytics.

Platform Novia is to launch its own fund management arm in the final quarter of the year, providing advisers with a range of risk-rated portfolios to offer to clients.

WARY