Technology

Over the years experience has taught me that, when a price sounds too good to be true, a little investigation will prove that it is.

Cofunds marketing and proposition director Alistair Conway has rebuffed Brian Dennehy's suggestions the platform has lost IFA backing, saying its sales volumes show the level of adviser support.

Influential financial adviser Brian Dennehy has hit out at Cofunds in an open letter to its chief executive Brett Williams, saying a significant number of IFAs are concerned over the "frequent confusion" in leadership and direction.

Nucleus Financial has launched a free online capital gains tax (CGT) tool for its business platform, in response to adviser demand.

TISA, the Tax Incentivised Savings Association, is to host the first meeting in October of an industry group to decide the implementation of an agreed standard for platform-to-platform re-registration.

Novia will offer passively-managed funds from Vanguard Investments on its platform.

Nucleus has bolstered its investment operations and finance teams with four appointments, including a new investment operations manager.

Morningstar Associates Europe has added five fund portfolios to its Portfolio Selections service for advisers and their clients.

Skandia remains the top platform, attracting the highest volume of new sales for the first half of this year, according to the latest data for the platforms market.

Lloyds TSB Development Capital (LDC) has paid £42m for a controlling stake in software firm 1st-The Exchange, in the largest institutional buyout by a private equity group this year.