Wrap/platforms

Confusion about changes to pension rules will drive a huge surge in demand for pensions advice, according to a FundsNetwork adviser poll.

The vast majority of advisers have faith they will adapt successfully to a world without trail commission, but one in ten say it could mean they cease trading, according to a survey.

Investors will find their choice of platforms has halved in as little as ten years' time, according to FundsNetwork advisory services head Jon Everill.

Advisers using FundsNetwork may convert clients to funds' clean share classes en masse from January 2015, the platform has said.

A rival to Nutmeg? Under the bonnet of Hargreaves' direct discretionary service

Hargreaves Lansdown has reported a record pre-tax profit of £209.8m for the year to 30 June after it weathered the impact of changes to its charging model and falling returns on cash.

Wrap platform Novia has formed a strategic partnership with Tavistock by teaming up with Cocoon Investments to acquire a £250,000 stake in the business.

Tracker funds saw net retail sales of £532m in July, the highest level since Investment Management Association (IMA) records began twenty two years ago.

The regulator is set to meet members of the Tax Incentivised Savings Association (TISA) to discuss re-registration rules, with the trade body reiterating to platforms best practice guidelines when dealing with super clean share classes after issues arose...

Aegon UK has given the role of managing director of its direct to consumer service Retiready to David Beattie, as part of a management reshuffle.