Wrap/platforms

FundsNetwork has announced a range of 50 exchange traded funds (ETFs) will launch on the platform for advisers next week.

PLATFORM REBATES

The Financial Services Authority (FSA) is delaying implementation of its platform fund reporting requirements by one year due to "operational issues" which have recently come to light.

The Mixed Investment 20-60% Shares sector continued to prove popular with investors in May, figures show.

The Financial Services Authority (FSA) will release its final consultation paper on the platform market before the Olympics begins, Investment Week understands.

Cofunds is negotiating with asset management firms to renew agreements made years ago which could see groups forced to pay extra lump sums to the platform.

FundsNetwork has fired a warning shot to fund managers, saying any "special deals" struck up with rival platforms will be revealed under the transparency principles underpinning Retail Distribution Review (RDR).

Saltus has launched a suite of discretionary multi-asset portfolios on the Nucleus and Novia wrap platforms.

This year's Aberdeen UK Platform Awards will once again recognise advisers, large and small, who have achieved excellence in running a platform-enabled business or practice.

Novia is launching a tool enabling advisers and discretionary fund managers (DFMs) to create and manage model portfolios online.