Technology

The Financial Services Authority (FSA) has this morning confirmed its intention to ban both payments from providers to platforms and cash rebates to consumers.

Wrap platforms are potentially "misleading" advisers by claiming their cash accounts facilitate adviser charging, according to Skandia.

Cofunds has announced it has hit the £40bn assets under administration (AUA) milestone.

Cofunds has launched its client segmentation and updated fee flexibility functionality as part of the platform's efforts to help prepare advisers for the Retail Distribution Review (RDR).

Cofunds is piloting a graduate and school leaver apprenticeship scheme in order to bring new talent into the industry.

PLATFORMS

The Skandia CEO says although the term restricted advice carries negative connotations, it could be the predominant model of advice in five years' time.

UK Money Market funds swung back in favour in May as investors looked to shelter money amid the ongoing eurozone debt crisis, according to figures from FundsNetwork.

Capita Financial Software (Capita) is set to unveil a new risk profiling tool it claims will "revolutionise" retirement and investment modelling.

Nucleus has launched a series of workshops designed to help advisers understand what the Retail Distribution Review (RDR) will mean for them in practice.