Assessment of value reports
Available from 1 August 2018
Average OCF discount of 44%
Trailing fees fall to less than £1bn for the first time
An unidentified problem at Fidelity FundsNetwork caused £50,000 to temporarily ‘disappear' from view from an advised client's portfolio.
The vast majority of advisers want to see uniformity in the terms used for fund share classes, and are prepared to pay more in return, research suggests.
Advisers using FundsNetwork may convert clients to funds' clean share classes en masse from January 2015, the platform has said.
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.
Provider Aviva's platform is on course to achieve profitability in 2016 and its target of £6bn in assets under management (AUM) by the end of this year, after its AUM has doubled in the last 12 months.
How the platform price war is affecting advisers