Also adds distribution capabilities
Drawdown + underpin
'There could be disasters in the D2C space'
Novia has switched to its retail distribution review (RDR)-compliant model, effective immediately.
Platforms risk being undermined by a lack of transparency and must address some crucial questions if the RDR is to be effective, warns Novia.
A fire raging in Soho in central London reportedly broke out in the offices of structured finance provider Future Capital Partners.
Wrap provider Novia says the FSA failed to pick up on the lack of transparency in client charges in the platform sector in its recent Consultation Paper.
The new Bill Vasilieff-led wrap platform Novia has gone live today with a standard 0.75% initial charge.
The UK adviser market's latest wealth management platform Novia has vowed to break into the black in its second year of operation.
New wealth management platform Novia has linked with technology provider FinQS to develop tools to aid advisers with TCF responsibilities.
Novia, the new wrap launched by Selestia co-founder Bill Vasilieff, has recruited three new members for its sales team.
Bill Vasilieff is leaving Selestia and SkandiaMultiFunds when the group's new fund supermarket is launched this summer, as part of a series of changes pulling the two Old Mutual divisions into one team.