Technology

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.

PLATFORMS

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.

Nucleus has become the first platform to launch its own annuity portal.

Alliance Trust Savings (ATS) is in advanced negotiations with around 30 fund groups over adding clean share classes to the platform.

MetLife has launched an adviser toolkit and client guide in a bid to help advisers assess their clients' capacity for loss.

ARMCHAIR CRITIC