Wrap/platforms

Functionality and cost remain the only real drivers behind advisers wanting to switch platforms in an otherwise increasingly ‘sticky' market, a survey has found.

Legal & General's decision to invite offers for Cofunds just two years after it bought the platform is fraught with a number of potential pitfalls, according to industry commentators.

Most advisers are confident their business will be prepared for the upcoming switch-off of fund-based trail commission, according to a poll which contradicts other research conducted on firms' readiness.

Legal & General is understood to be considering a sale of its Cofunds platform, just over two years after it sealed a deal to take full ownership.

Insurer Aviva has launched a direct to consumer (D2C) platform giving consumers access to a general investment account, and ISA and a self-invested personal pension (SIPP).

Stephen Mohan, UK director at Europe's largest platform group Allfunds Bank, is set to leave the firm, Investment Week understands.

I can hear the crucifix being erected but hear me out

Investors are getting dismal interest rates when they hold cash on the UK's biggest advised platforms, with some actually making a loss after fees, an investigation by Professional Adviser has found.

A project management checklist for advisers

Neil Woodford has made a new investment in AJ Bell via a fundraising round which ensures the Invesco Perpetual-backed platform will remain a private company.