FundsNetwork cash account to offer commission

The CashManager Account will “shake up” the advised platform market, Fidelity says, adding cash could prove a highly significant asset class given current market conditions. Linked to the client’s own current account, CashManager provides a cash holding facility and a complete overview of a client’s investible assets. Fidelity says the product has also been designed to “evolve” alongside the market helping advisers tackle the implications of the Retail Distribution Review (RDR) and changes to remuneration in particular. It says CashManager is the only platform-based cash management accou...