Platforms may be forced to abandon plans for ‘super-clean' share classes as the number of firms demanding the special terms continues to rise, according to a consultant.
Platforms have predicted the swift death of the rebate model following confirmation that HM Revenue & Customs (HMRC) will apply income tax to both unit and cash rebates.
Axa Wealth has added the eleven-strong fund range from Carmignac Gestion to its Elevate platform.
Novia has appointed its second sales manager recruited from insurer Zurich.
The platform industry will struggle to ever break even as a whole, according to research into firms' financial stability.
Cofunds has extended its lead as the UK's largest platform, with assets rising to £45bn, according to the Platforum's latest pricing guide.
Novia has switched to its retail distribution review (RDR)-compliant model, effective immediately.