Ascentric, James Hay and Nucleus have all made changes
Platform functionality highlights
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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.
Fidelity FundsNetwork is to make Neil Woodford's Patient Capital trust the first externally-managed investment trust available on the platform, in what it says is a "clear intention" of more to come.
Transact is to cut platform fees for client portfolios of between £180,000 and £300,000 in an attempt to attract new business.
Ascentric has introduced an inclusive platform charge as it moves to give advisers more charging options for their clients.
Ascentric managing director Hugo Thorman is to leave the firm this summer following Royal London's buyout of the platform's minority shareholding in the business.
Ascentric's managing director, Hugo Thorman, has argued advisers' use of model portfolios is hindering the popularity of investment trusts.
Ascentric has posted a £0.6m loss for the 2013 financial year after "significant" investment in technology which cost it £1.6m.
Jon Taylor, head of the former Co-op life insurance business, is to replace Hugo Thorman as managing director of platform Ascentric.
Platform Ascentric has removed the set up and transfer-in costs on its in-house self invested personal pension (SIPP) and cut its annual tax wrapper fee from £150 to £100.
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Charles Stanley has rolled out its Collectives Portfolio Service to five platforms.
Royal London Asset Management (RLAM) has reported a record year for external new business in 2013, with gross inflows up almost 70%, a highlight in a strong set of results for its life company parent.
A record year to date performance has taken Ascentric and IFDL past the £7bn milestone for assets under administration.
Investment company purchases on platforms by advisers and wealth managers are up 53% in the first six months of 2013 against the same period last year, research by the Association of Investment Companies (AIC) suggests.
Are advisers better off leaving fund share class conversions to platforms (as some have suggested), or should they carry it out themselves?