Latest - WRAPS / PLATFORMS

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  MiFID II costs and charges spotlight could see platforms lose business

  29 June 2019

  Wealth managers and platform providers could start to lose business as the stringent MiFID II requirements turn the spotlight on costs and charges, a new research paper from analysts AKG and financial planning firm Netwealth has revealed. One in three (34%) of advisers expect clients to switch investment solution/ provider in the future and...

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  Harrison’s Apricity launches GROW – a CPD-focussed series of events

  23 June 2019

  Latest series of events is aimed at helping self-development and growth of adviser businesses Apricity Compliance has launched a series of CPD-focussed workshops entitled GROW, offering practical, usable and non-sales orientated content in line with the company’s ethos of making compliance a positive experience. The first seminar running in London on 27 June is...

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  Winners of the Professional Paraplanner Provider Awards 2019

  14 June 2019

  We are delighted to announce the winners of the Professional Paraplanner Provider Awards 2019. The awards were announced immediately after this year’s record attended London Technical Insight Seminar, to an audience of paraplanners and financial services companies gathered to hear who had won this year’s accolades. For these awards we asked our readers to nominate...

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  Nucleus portal gives clients data access via mobile devices

  20 May 2019

  Nucleus has launched a portal to allow adviser firm clients to view their investments across digital devices ‘on the go’. Nucleus Go, which launched following a rigorous testing period by a group of Nucleus users, can be accessed on phones and tablets, as well as other devices, and gives access to information such as...

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  Platform switching constrained by complexity and cost

  9 May 2019

  Over half of advisers are avoiding switching clients to a different platform because of the administrative complexity and cost involved.  A new report by the lang cat and AJ Bell found 56% of advisers felt constrained from recommending a transfer, despite the fact it could benefit clients. The research, which surveyed 95 adviser firms, showed...

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  7IM to cut fees for clients with over £2m on the platform

  1 April 2019

  Seven Investment Management (7IM) is to cut fees for investors with larger sums on its platform, in a move which targets high-net-worth clients and family groups. The new rates will apply from 1 April, and will see fees for investors with between £2 million and £5 million on its platform be reduced from 0.15%...

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  FCA proposes platform exit fees ban to improve competition and help cost comparison

  14 March 2019

  The FCA has said it will ban exit fees charged by some platforms to switch out of their service. It is also advisers who charge for platform switching.  The move was announced in the Investment Platforms Market Study Final Report as part of the regulator’s focus on improving competition in the market and improving service and transparency...

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  Industry escapes FCA imposition of mandatory transfer times – for now

  14 March 2019

  The FCA has said it will not set enforceable switching and transfer times as yet, as a result of the industry undertaking self-improvement through launch of the STAR initiative. In its Investment Platforms Market Study Final Report, the regulator set out its final position on improving switching and transfer times, as well as relevant...

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