// D2C platforms Tag

OMG

07 Feb 2014 OMG!

For those of us forced to get round London in the awful weather and no tube network, what a nightmare week! On the financial services front, it was fairly quiet until Old Mutual Wealth announced its new fund range and portfolio management service yesterday afternoon and then the twitterati got busy. Old Mutual Wealth includes two separate businesses — the Skandia platform and Old Mutual Global Investors (OMG), the fund manager arm.

Prior to RDR, the platform was able to wrestle some pretty good rebates out of fund managers, but in the post-RDR world, securing the same kind of pricing from fund managers was likely to prove a challenge unless the platform could demonstrate that it had distribution influence. But even more important was securing distribution deals for its in-house fund manager, OMG. As a result, a combination of the Skandia platform plus a range of well-priced, sub-advised funds and solutions targeted at cost-conscious advisers became the strategy.  The message is clear: we are a one-stop shop for restricted advisers.

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D2C

31 Jan 2014 Lidl or Waitrose?

Austerity measures

January is usually an austere month.  After the Christmas and New Year festivities, not only do we have far less money, but it’s also becoming the norm to give up alcohol for the entire month.  Add to that our (mostly) unrealistic New Year resolutions to get fitter, get richer, and get better at a variety of things and January becomes a very tiresome month.

The focus on cost was particularly important in the direct-to-consumer (D2C) platform world. With the April deadline roaring down the tracks towards them, January was when most D2C platforms announced their pricing strategy.  The industry had been waiting with baited breath for the largest direct platform (and also the largest overall distributor in the country), Hargreaves Lansdown, to announce its pricing strategy, which it finally did on 15th January.  In a nutshell, Hargreaves Lansdown (HL) has introduced a flat fee of 0.45% regardless of the size of assets under administration.

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UK Fund Industry

05 Nov 2012 It’s getting cold out there…

... the summer has been and gone and barely a word was written by us. It has to be a good thing that we’re too busy to write this blog, right?  With just two of us running Fundscape, we’re pretty much at full capacity so things like blogging, facebooking, tweeting etc come pretty low on the list of priorities.  We’re too busy making sure our clients have all the information they need!

The last update was March 2012, a good six months ago, and looking back over previous entries we seem to have settled into a pattern of updating roughly twice a year.  Which isn’t a bad thing, as it gives us lots to talk about.

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