Wrap/platforms

Nucleus is considering launching a direct-to-consumer (D2C) platform in an effort to better serve the 6,000 orphaned clients it currently redirects to Hargreaves Lansdown each year.

Transact has said it will halve both its buy commission and dealing charges from 1 March.

Few advisers have lost clients as a result of changes to how they are paid, according to a survey suggesting a happier intermediary sector than this time a year ago.

J.P. Morgan Asset Management (JPMAM) is to discontinue third party funds on its Wealth Manager Plus direct to consumer (D2C) platform.

Adviser network Openwork has announced that assets have reached £1bn, across its own platform and the Zurich investment platform.

Wrap platform Nucleus has reported a 34% increase in inflows, year on year, boosted by a post-Retail Distribution Review (RDR) surge in business.

Allfunds Bank has appointed former Legal & General (L&G) platforms and policy director Danny Wynn as head of fund groups for UK, Ireland and the Middle East.

Hargreaves Lansdown is to unveil its long-awaited unbundled pricing model on 15 January.

Skagen has launched RDR-compliant clean share classes in the UK for its Kon-Tiki, Global and Vekst equity funds.

Charles Stanley Direct has cut its share dealing rate by 25% to £7.50 per trade for the whole of January, in a bid to encourage clients to annually rebalance their portfolios.