Technology

CONDENSED

The winners of the Aberdeen UK Platform Awards 2012 were announced at a glittering awards ceremony in London last night.

Platforms could see a sharp rise in operating costs if multiple share classes exist for pre- and post- the cash rebate ban, according to the Tax Incentivised Savings Association (TISA).

The Association of Independent Financial Advisers (AIFA) has warned that a proposed ban on cash rebates by platform service providers could lead to increased costs for consumers.

A number of platforms have questioned the Financial Services Authority's (FSA) intention to ban cash rebates to consumers.

James Hay has seen its average wrap case size rise 21% in the last six months.

BlackRock is set to launch its online Retail Distribution Review (RDR) tool for advisers on the Aegon platform.

Providers attempting to avoid being classified and regulated as platforms could see additional rule changes from the Financial Services Authority (FSA), according to its head of investments policy.

Fidelity FundsNetwork will roll out its Retail Distribution Review (RDR) ready adviser fees service on 8 October, facilitating ongoing, initial and specified fees.

Cofunds' ‘explicit pricing model' has gone live today, with 1,700 clean share classes from 85 fund groups.