Alliance Trust Savings has hired Damian Smyth from Cofunds to head its intermediary sales team.

Santander Asset Management UK has launched a range of multi-manager funds with an annual management charge of 40bps and a capped ongoing charge of 99bps.

FIVE THINGS

Aegon UK is raising fund charges on 82 insured funds across the Aegon Retirement Choices platform and within One Retirement.

Axa Wealth is launching an exclusive share class on the Architas range for Elevate users, which delivers a 20bps reduction in the standard clean share class charge.

Nearly two-thirds of advisers have expressed concerns that the UK education system is incapable of delivering on the next generation of advisers.

Cofunds was the largest UK adviser platform in Q3, in terms of assets under administration (AUA), and has since become the first £60bn fund platform in the UK.

3i group has sold its stake in Bestinvest to private equity firm Permira.

The Tax Incentivised Savings Association (TISA) is launching an industry-wide project aimed at transitioning consumers from a "culture of debt to one of savings".

Former Legal and General head of structured solutions James Harrington is joining Lowes Group as a consultant.