Wrap/platforms

The hideous truth

Old Mutual Wealth is removing the annual pension drawdown fee and scrapping the current minimum charge on its platform in order to simplify its charging structure.

Cofunds is planning to review the language of a client letter after an adviser criticised its 'provider speak'.

Standard Life was named platform of the year at an awards ceremony in London last night, beating off stiff competition from runners up Transact and Axa Elevate.

Old Mutual Wealth chief executive Paul Feeney has told analysts that platforms must seek to integrate with other businesses if they are to survive in the coming years.

Ian Gorham, chief executive of D2C giant Hargreaves Lansdown, saw his total pay climb to £10.6m this year after cashing in some long-term share options.

A platforms expert has suggested advisers share the cost of using platforms with clients.

Friend or foe: Can platforms really help advisers with asset migration?

The Skandia name is to disappear as the group rebrands as Old Mutual Wealth across all UK operations.

Axa Wealth is set to launch a list of around 100 favoured funds in the mould of Hargreaves Lansdown's Wealth 150, to help advisers "cut through the noise".