The Financial Conduct Authority is to ban firms with platform and fund management arms effectively giving away platform services for free, in return for investment into its in-house funds.

The Financial Conduct Authority (FCA) is to allow platforms to receive payments from fund managers in relation to advertising products.

The Financial Conduct Authority is to allow nominal ‘de minimis' cash rebates of £1 or less, despite outlawing the payments in all but name.

PLATFORMS

Restricted adviser St James's Place is set to capitalise on a number of high-profile exits from the advice market by high-street banks.

Cofunds has added GAM's range of five risk-rated models to the platform.

Ascentric has become one of the first platforms to explicitly rule out lobbying for super-clean share classes.

Towry has added to a growing list of new arrivals, as the firm plans to expand through acquisitions following an aborted float.

Novia has warned its users that basic errors like failing to use a client's full ISA allowance could lead to legal action from increasingly aggressive claims management companies (CMCs).

Transact is reducing charges on median-sized portfolios by removing a number of price bands for clients with assets of up to £600,000.