Less than 5% of independent financial advisers (IFAs) will leave the industry after retail distribution review (RDR) implementation, although an increasing number are worried about profitability, a survey suggests.
The head of Aviva's wrap Nicholas Burton has stepped down to pursue a career in teaching.
Wrap platforms have defended Hargreaves Lansdown's plans to charge a flat fee of up to £2 per month for tracker funds, saying the move is one of commercial necessity.
The FSA has deployed the services of Big Four accountancy firm Deloitte to quiz platforms about its proposed ban on fund manager and cash rebates.
Vestra Wealth has appointed Cofunds as its fund custodian in a deal which will see the wealth management partnership entrust over £600m in assets.
Hargreaves Lansdown plans to charge investors who hold certain tracker funds on its Vantage platform a flat fee of up to £2 per month, compared to the current annual rate of 0.5%.
The FSA is set to undertake an examination of how platforms are regulated in other countries as part of its ongoing research into platform remuneration.
Senior industry figures have backed a new consultation by the FSA into whether or not to extend a proposed fund manager rebate ban to life insurance products.
The next instalment in our popular series on getting the most out of your favourite platform takes a look at Fidelity's Fundsnetwork.