Novia

Senior industry figures have backed a new consultation by the FSA into whether or not to extend a proposed fund manager rebate ban to life insurance products.

Aegon UK has made its first foray into the platform market with a phased launch of its "at retirement" wrap proposition.

Investment management firm Heartwood has inked deals with a host of platforms as it looks to gain traction in the IFA market with a new investment proposition.

GHC Fund Management has launched its Resilient range of OEICs on the Novia platform.

The European Commission's draft Markets in Financial Instruments Directive (MiFID) II would, if implemented, ban platforms from issuing fees to discretionary fund managers (DFMs), which would have to come direct from clients.

Wrap platform Novia has added Ashcourt Rowan Asset Management to its panel of discretionary managers.

Back office solutions provider IntelliFlo has integrated with Novia in a move the wrap said will bring increased efficiencies to advisers using the platform.

Platforms have stressed it is the responsibility of advisers to undertake due diligence on funds held on platforms.

Novia has expanded its discretionary footprint with the addition of four DFMs to the wrap.

Novia has added State Street Global Advisor's (SSgA) range of SPDR exchange traded funds (ETFs) to the platform.