Wrap/platforms

Skandia will switch to its unbundled platform pricing model on Tuesday 18 December - two weeks before the Retail Distribution Review (RDR) deadline.

Old Mutual Wealth is planning to turn around its Skandia platform by halving costs as a proportion of FUM after the business made a £5m loss in the first half of 2012.

Investment Funds Direct Limited (IFDL) will power SimplyBiz's Verbatim Product Centre, that launches next month.

AXA Elevate is to lower the discount it offers to users who buy the group's own Architas fund range in 2013.

Skandia's business proposition director, Richard Vincent, is set to leave the business at the end of November.

Standard Life's Global Absolute Return Strategies fund has dropped out of the top ten highest inflows on Fidelity FundsNetwork, according to data from the platform.

Fidelity FundsNetwork has urged regulators and the Treasury to urgently clarify its rules on adviser charging.

High-net worth wrap provider Platform One and Seed EIS are to launch an integrated platform for Enterprise Investment Schemes.

Nucleus chief executive David Ferguson has called into question the validity of platforms charging on a basis point scale.

Cofunds has begun writing to the 400,000 advised clients on the platform, explaining its finalised 'disturbance' rules on legacy assets.