Aviva is to combine its wrap platform and legacy business into one online system, in a bid to accelerate wrap growth and streamline the service provided to advisers.
There could be 1.5 million self-invested personal pensions (SIPPs) by 2018 despite FSA regulation potentially contracting the number of providers in the market, according to John Moret.
The Financial Services Authority (FSA) is planning to ban rebates on legacy business which are paid by fund groups to platforms from 2016, in a move which will shake up the platform industry and force providers to charge groups for additional services....
Consultancy The Platforum has dismissed speculation the Financial Services Authority (FSA) is set to ban unit rebates as part of its platform paper.
Delays to the Financial Services Authority's (FSA's) platform paper risks damaging the industry, according to a law firm, with life companies and self-invested personal pension (SIPP) providers most likely to benefit.
Fidelity FundsNetwork has expressed surprise over fund managers opting to raise prices in newly-launched clean share classes.
The FSA now intends to publish its long-awaited final platform paper in Q2 2013, having originally planned to release final rules by the end of last year.
Fidelity FundsNetwork and Skandia have completed the first electronic in-specie transfer of assets between two rival platforms - a key requirement of Retail Distribution Review (RDR).