AXA Wealth has announced its adviser charging proposition will cover its entire product range.

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Today's confirmation that cash rebates will be banned is a 'blow' to wrap platforms and presents a 'significant challenge' to their business models, fund supermarket Skandia has said.

The unbundling of platform charges will result in greater price competition between fund providers, the Financial Services Authority (FSA) said today.

The Financial Services Authority (FSA) has suggested it will not read across its proposed ban on platform rebates to life companies, but has promised to explore the issue further.

The FSA has decided to apply its ban on platform rebates to execution-only propositions.

Wrap platforms are potentially "misleading" advisers by claiming their cash accounts facilitate adviser charging, according to Skandia.

The majority of advisers favour outsourcing investment management to a discretionary fund manager (DFM), research suggests.

Cofunds has announced it has hit the £40bn assets under administration (AUA) milestone.