Wrap/platforms

Standard Life is poised to launch several hundred "super-clean" classes in the second half of 2013, despite scepticism the platform will be able to agree terms with fund groups.

Skandia has said its discounted fund panel Select will not be affected by the Financial Conduct Authority's (FCA's) final rules on platforms, despite a ban on subsidies.

Cofunds CEO Martin Davis is leaving the business following a restructure in the wake of its sale to Legal & General (L&G).

Axa Wealth's Elevate platform has seen assets under (AUM)management increase 50% from £4bn to £6bn, according to first quarter results.

Fidelity FundsNetwork has narrowed the gap to Skandia in the latest update of a platform leaderboard ranking providers by assets under administration (AUA).

HM Revenue & Customs (HMRC) is expected to extend its tax on rebates to some discount brokers, even on funds held inside an ISA.

Mike Kellard, chief executive officer at AXA Wealth, explains why the Financial Conduct Authority's (FCA) much awaited platform paper was a bit like his son's football match.

Standard Life has added a new withdrawal capability to its wrap, allowing advisers to maximise tax efficiency when funding adviser charging.

A NEW DAWN?

Corporate IFA Clifton Asset Management is to move 500 clients to Novia as part of a major asset migration project.