// Platforms Tag

27 May 2020 M&G gets the keys to Ascentric

After a couple of months of speculation, M&G has reached an agreement with Royal London to purchase its platform, Ascentric. The deal, subject to FCA approval, brings £14bn of assets and over 90,000 clients to the M&G, in what seemed at first like an oddly timed move.
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10 Dec 2019 ‘Tis the season…

Standard Life gave its customers an early Christmas present today, announcing lower fees on the Standard Life Wrap and introducing the Drawdown Price Lock.
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04 Nov 2019 Embark embarks on platform domination…

Alliance Trust was saved from a fate worse than death when it was sold to Interactive Investor, a D2C platform, last year. Ever since, the industry has been wondering whether Interactive Investor would move into the advised platform arena or stick to its knitting. The wondering is finally over as it was announced that Embark is buying the adviser platform.
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25 Mar 2019 7im cuts rates for HNW investors

In a move that cements its position as a platform for high-net-worth investors and family offices, 7im has cut fees for investors with more than £2m on platform. From 1st April, investors with between £2m and £5m will see their fees fall from 0.15% to 0.08% for assets between £2m and £5m, while those with more than £5m will see fees drop from 0.15% to 0.05% on balances over £5m.

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21 Mar 2019 How do platform exit charges stack up?

Following the recent release of the FCA’s Investment Platforms Market Study final report, the regulator has launched a consultation on the exit charge issue which will consider either a ban or cap on platform exit fees. The potential ban on the charging of exit fees by platforms will, the regulator believes, improve competition and make it easier for investors to switch platforms. Here we drill down into who charges and who doesn’t in the platform world.

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26 Feb 2019 Standard Life cuts charges on Elevate

Standard Life today announced a price decrease for its Elevate platform for all new clients from 1st April 2019. This is a great move by Standard Life. It demonstrates a commitment to its core financial planning market and willingness to share economies of scale with advisers and end-consumers.
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04 Jan 2019 Where will the platform industry be in five years’ time?

For the last 10 years we've produced annual five-year projections based on industry trends and the economic outlook and their likely impact on the platform industry. 2018 has been a challenging environment for the industry with some platforms taking a far larger slice of the action than others. Despite the challenging environment, the overwhelming consensus from platform leaders is that platforms that can support advisers to support their clients have a long-term sustainable future.
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28 Aug 2018 Deconstructing the FCA’s Platform Study Interim Report

The FCA’s interim platform report has already been well and truly thrashed out by trade journals and other research houses. However, we believe that our tools and research are ideal for proactively engaging with the regulator’s long-term objectives and have reviewed the interim report on that basis. But first let’s start with the basics: why, who and what.

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11 Jul 2018 Nucleus aims to float…

Nucleus has finally confirmed what we’d suspected for sometime: it’s going to float on the London Stock Exchange’s AIM market. Transact was the first to take the plunge on 2nd March and in the same month AJ Bell announced that it was preparing a flotation in late 2018/early 2019. Nucleus’s announcement came on 2nd July, but it’s working to a punchy calendar and plans to have the whole thing tied up by late July, which is pretty fast by anyone’s book. 
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17 Nov 2017 New kids on the block in the platform world

After almost two decades of the market being dominated by three or four technology providers, there are several new platform technologies emerging. There’s been a lot of noise about Hubwise and Embark, but Seccl will soon be out there drumming up business too. All of them have the potential to disrupt the platform market. Their competitive advantage lies in the fact that they provide pared down, focused propositions that have none of the legacy technology and inefficiencies in existing technologies.
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15 Nov 2017 Lies, damn lies and statistics

ISA activity was less pronounced in the third quarter of 2017, with sales dropping to £1.5bn. However, pensions picked up the slack and generated around 70% of platforms’ net flows. This was due to a combination of investors exercising their pension freedom rights and the steady pipeline of DB transfers.
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