Wrap/platforms

Wraps are beating fund supermarkets in attracting new business despite Cofunds' jump to the top of the platform league tables, according to latest figures.

Discretionary fund manager Brooks Macdonald is to make its administration services available to adviser clients, following "significant demand".

Asset management boutique Newton, a subsidiary of BNY Mellon, is set to launch fully unbundled Retail Distribution Review (RDR)-ready share classes across its entire fund range in September.

CONDENSED

SECTOR REPORT

STRUC PRODS

FATCA

Combined second-quarter earnings across Aegon's distribution businesses - which include national IFAs Positive Solutions and Origen - were nil, the insurer has reported.

RACE FOR SECOND

Skandia has set out its unbundled charging structure, claiming it will result in a 0.37% platform charge for its typical customer.