Wrap/platforms

Fidelity is to spend £250m across its UK platform business over the next five years as part of a plan to enhance its open architecture proposition and dominate the distribution landscape.

Old Mutual Global Investors has become the latest fund group to agree super clean share class terms with Standard Life, an arrangement extending across its entire fund range.

Cofunds has said its move to scrap its £40 annual fixed platform charge for some users will impact around 80,000 clients, indicating an initial hit to revenues of around £3m.

Cofunds's former marketing director Verona Smith has joined Seven Investment Management as head of platform.

Last night was the prestigious Platform Awards. Here are all the winners and the judges comments on why they scooped the prizes.

IFAonline's sister title Investment Week's news editor Nick Paler took the top accolade at last night's Platform Awards, winning journalist of the year.

Re-registration progress has been "less than satisfactory" according to the Financial Conduct Authority (FCA) and the regulator has signalled it will review the decision not to implement timescales for platform providers.

Architas' fund range is now available on the Alliance Trust Savings platform.

Cofunds has dropped its annual £40 fixed platform charge for all its clients on its explicit pricing model.

Allfunds Bank has poached another Cofunds director, Bradley Lewis, to spearhead its expansion into the UK market.