Fund platforms seek to build the new order

Although the committee has no name at this stage, it is spearheaded by several mutual fund-centric propositions – Fidelity Fundsnetwork, Cofunds, Selestia, Skandia Multifunds and Standard Life – and is said to have been set up “to represent the new [platform] sector…for the benefit of consumers, advisers and fund providers” and to “improve market practice with the clear objective of treating the customer fairly with a range of services that deliver simplicity, flexibility, accessibility and fairness”. That said, there is no mention at this stage of other intermediary-related platform propo...