Skandia has set out its unbundled charging structure, claiming it will result in a 0.37% platform charge for its typical customer.
The distraction of the Retail Distribution Review (RDR) for advisers and challenging market conditions have been blamed for a 40% dip in net inflows onto Skandia's platform in the first half of this year.
Financial advisers are prioritising the speed of doing new business with platforms as the most important factor when selecting a provider, research suggests.
The CEO of fund management group Jupiter has said the significant disruption facing platform business models in the run-up to implementation of the Retail Distribution Review (RDR) will lead to consolidation in the space.
The Financial Services Authority (FSA) will release its final consultation paper on the platform market before the Olympics begins, Investment Week understands.
Meteor Asset Management is launching a structured product platform for financial advisers.