Transact

Transact is reducing charges on median-sized portfolios by removing a number of price bands for clients with assets of up to £600,000.

Four platforms are to allow advisers to automatically calculate tax liabilities for clients, following HM Revenue and Customs' decision to tax rebates paid by fund managers.

Transact has criticised fund managers for failing to allow advisers to move large holdings from bundled to clean share classes.

Transact has moved to tackle difficulties accounting for the incoming rebate tax with the creation of a new automated system to calculate it.

Barclays has launched its latest round of FTSE autocall structured products with a number of platforms and self-invested personal pension (SIPP) providers.

Providers will scramble to buy distribution ahead of the Retail Distribution Review (RDR) and will buy up IFA businesses "left, right and centre", delegates at this year's Institute of Financial Planning (IFP) conference heard today.

More than a quarter of advisers cite cost as the most important consideration for platform implementation, according to research.

AXA Elevate topped the Platforum's leaderboard for Q2 2012, with assets under administration (AUA) up 7% from £4bn to £4.3bn.

INVESTMENT TRUSTS

Guardian Wealth Management has appointed technology provider SEI to run its white-labelled platform and back-office systems.