Wrap/platforms

Hargreaves Lansdown is asking smaller fund groups to offer their products exclusively through the discount broker, as part of a round of fresh price negotiations.

Cofunds chairman Charlie Eppinger is to step down as the acqusition of the platform by Legal and General completed.

FundsNetwork has accelerated its take on of clean share classes to achieve its target of having 95% of current platform assets covered by clean share classes by the end of June.

Nucleus is set to expand the range of protection products available on the wrap to include inheritance tax and death-in-drawdown policies, among others.

Standard Life has confirmed it is to pay the recently announced rebate tax for its users until the end of this year.

Novia, the online wrap provider, has already loaded 80% of available clean share classes and is targeting the provision of access to more than 2,500 by the end of June 2013.

ARMCHAIR CRITIC

Wrap Nucleus has selected Origo's Options Transfers solution to power its re-registration and asset transfer proposition.

Verona Smith, marketing director at Cofunds, is to exit the platform in the wake of the takeover by Legal & General.

Royal London has reported assets under administration on its Ascentric wrap platform have risen 16% to nearly £6bn, in what the company said is the wrap's "best ever quarter".