Wrap/platforms

Only 3% of advisers look for a re-registration option when researching wrap platforms, according to figures from Capita Financial Software.

Wrap platform Novia has today added three funds from San Francisco-based investment manager Dodge & Cox.

Axa Wealth is calling for a two year sunset clause on the cash rebate ban in order to avoid creating an unfair disadvantage for firms acting in the spirit of the Retail Distribution Review (RDR).

Legal & General Investments has introduced clean share classes for all 23 of its funds on the Skandia Investment Solutions platform.

Former Bankhall managing director David Golder will join SimplyBiz in the newly created role of client proposition director next month.

The number of intermediaries placing all their business on platforms in first-quarter 2013 rose 25% compared with fourth-quarter 2012, according to research released today.

Architas has introduced a new charging option for its range of risk-rated passive investment funds.

Platform giant Cofunds is set to report a significant drop in net retail sales of more than £1bn for 2012, compared to the previous year.

Total platform industry costs stood £50m higher than revenues in 2011 despite assets under administration of nearly £250bn, according to Altus.

Platforms have adopted a lot of new and unnecessary regulatory processes and need to step back and take a "sense check", according to one wealth planner and chief executive.