Wrap/platforms

Wrap platform Nucleus has published a pricing guide for advisers which breaks down platform charges.

Hargreaves Lansdown will not be carrying out bulk switches of client money from bundled to clean or super clean share classes, Investment Week can reveal.

Alliance Trust Savings has hired Damian Smyth from Cofunds to head its intermediary sales team.

Standard Life has announced a review of its FundZone and Sigma fund supermarkets, in order to make them more "wrap-like".

Santander Asset Management UK has launched a range of multi-manager funds with an annual management charge of 40bps and a capped ongoing charge of 99bps.

Advisers who use a single investment platform for all their business can still be independent and the regulator's stance on the issue has not changed, according to the Financial Conduct Authority (FCA).

FIXED FEES

Hargreaves Lansdown has begun the process of telling groups if their tenders for inclusion in its ‘core' Wealth list have been successful, and is understood to have secured prices of around 50bps for equity funds and less for fixed income funds.

Axa Wealth is launching an exclusive share class on the Architas range for Elevate users, which delivers a 20bps reduction in the standard clean share class charge.

New life sales at Aegon's UK business were £190m in the third quarter of 2013, a 17% rise on the corresponding period last year, thanks to auto-enrolment, group pension and platform sales.