Technology

Consultancy The Platforum has dismissed speculation the Financial Services Authority (FSA) is set to ban unit rebates as part of its platform paper.

Standard Life has suffered net outflows for its UK retail business, following an 11% rise in redemptions.

Advisers are equally split on whether the Retail Distribution Review (RDR) will have a beneficial impact on the industry, according to Skandia.

CYBERCRIME

Aviva has added discretionary fund manager London & Capital's (L&C's) 13 portfolios to its platform.

Axa is considering allowing small firms access to its Self Investor service, which lets advisers provide a restricted direct-to-consumer proposition to clients.

AXA Wealth had added more than 1,000 additional clean share classes to its Elevate platform, taking the total available to 1,600.

The Financial Services Authority (FSA) has outlined plans for a further clampdown on referral fees paid by discretionary fund managers (DFMs) to advisers.

Delays to the Financial Services Authority's (FSA's) platform paper risks damaging the industry, according to a law firm, with life companies and self-invested personal pension (SIPP) providers most likely to benefit.

Old Mutual Wealth CEO Paul Feeney has dispelled worries about the effects of re-registration on the group's Skandia platform after it made a £2m profit, arguing rivals are behind the curve when it comes to facilitating electronic transfers.