Discretionary fund managers (DFMs) have expressed scepticism at Skandia's claim its fund panel will be able to compete with them on price.

Fidelity FundsNetwork has admitted a backlog of developments has led to delays in the listing of investment trusts (ITs) on the platform.

FIVE THINGS

Platform giant Hargreaves Lansdown has said it is ready for any price war started by rivals looking for a foothold in the direct to consumer market.

Novia has appointed its second sales manager recruited from insurer Zurich.

CLEAN

The Financial Services Compensation Scheme (FSCS) will levy an estimated £76m on investment advisers in 2013/4, with failed firm Keydata highlighted as one of the main cases contributing to the overall bill.

Analysts at Barclays have expressed "surprise" at high pricing at the lower end of the platform market.

The suspended EEA Life Settlements fund has submitted its plans to the Guernsey regulator for restructuring.

Architas has mapped its funds on the Morningstar Adviser Workstation risk profiling-scale.