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Platforms are yet to make the national press but, when they do, threesixty's Phil Young fears it'll likley be due to another sorry tale of behind-the-scenes money exchange between manufacturer and adviser...
Friends Life has launched an online workplace savings platform.
Charles Stanley has appointed product aggregator All My Plans (AMP) to assist in the launch of a direct-to-consumer (D2C) platform later this year.
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Aegon has appointed Martin Coyle, previously business development director at Axa Wealth, as head of platform sales as the insurer gears up to launch its workplace proposition in the first half of the year.
The FSA will release a platform consultation paper within the next couple of months setting out draft rules on rebates and regulations for execution-only platforms, after Deloitte completed its research into the sector.
Chris Smeaton, head of product development at James Hay Partnership, considers the platform landscape in 2012 and reveals why he thinks the FSA will remove its expected cash rebate ban…
Adviser group Paradigm is set to launch a standalone corporate wrap next week.
Transferring clients’ assets between organisations can be a major headache – often time consuming, frequently frustrating and possibly uneconomic. The FSA has also confirmed that re-registration between nominee companies including all platforms will be compulsory from 1 January 2013. So how is the industry gearing up for 2013?
Ascentric chief Hugo Thorman has called on the platform community to adopt a “unified voice” amid an escalating row between fund supermarket and wrap propositions.
Wrap platforms could see their business models “severely challenged” in 2012 as the proposed ban on platform rebates takes centre stage, said Skandia.
Transact has told advisers it is not looking to expand into the direct to consumer (D2C) or workplace savings markets and will instead focus solely on the IFA space.
Wrap Transact suffered a £3m drop in profits last year after it was hit by an FSA fine for client money breaches.
The platform market has undergone permanent change this year. Regulation and, more specifically, charging rules helped carve out a new platform landscape.
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