Wrap/platforms

Close Brothers Asset Management has revealed the unbundled pricing structure for its direct platform, offering an promotional platform fee of 0.25%.

Hargreaves Lansdown has reversed its decision to increase charges for clients who hold investment trusts - a consequence of its new pricing model announced last month - and said it may be open to further changes as it announced a set of record-breaking...

Alliance Trust Savings (ATS) has signed an agreement with technology firm GBST to provide end-to-end administration of the wrap.

Charles Stanley Direct has moved to capture large clients from competitors by scrapping its own charge for new or re-reg clients with £500,000 or more, for a limited period.

Scottish Friendly has launched an open architecture onshore bond on Ascentric and IFDL with a 0.35% wrapper charge with no set up costs.

PLATFORMS

Advisers are being urged to adopt a phased approach to platform due diligence ahead of the introduction of new obligations on 6 April, with pricing as the least important consideration.

Aviva is introducing a platform charge of 0.15% for new customers with portfolios valued at more than £400,000.

Mixed Investment 20-60% Shares was the best-selling sector on Cofunds in 2013, according to figures released today.

Barclays Stockbrokers has revealed its clean pricing structure, introducing an AMC of 0.35% as it becomes the latest platform to undercut Hargreaves Lansdown's headline charges.