Transact

Ten of this week's best-read stories

The FSA has fined Integrated Financial Arrangements plc, which offers the Transact platform, £3.5m for failings in relation to its protection of client money over an eight-and-a-half year period.

Transact has been added to Suffolk Life's self-invested wrapper SmartSIPP.

Lawyers hired by the FSCS to pursue claims against IFAs who recommended Keydata have sent out letters with the name and addresses of every firm it is chasing, including details of principals of appointed representative firms.

Wrap platforms have defended Hargreaves Lansdown's plans to charge a flat fee of up to £2 per month for tracker funds, saying the move is one of commercial necessity.

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.

Wrap platforms Ascentric and Transact have criticised the FSA after it requested the wraps provide it with details of hundreds of their customers in order to gauge their views on platform rebates.

Nucleus chief executive David Ferguson discusses how wraps are playing a crucial part in moving the financial services sector forward.

The winners of the Aberdeen Platform Awards 2011 were announced at a glittering awards ceremony in London last night.

Cofunds has today announced its new unbundled charging structure which will launch around the middle of next year alongside the bundled model. But is the supermarket offering a good deal for clients?