Platform fees will remain VAT exempt, according to guidance released by HM Revenue & Customs (HMRC).

Close Brothers Asset Management has revealed the unbundled pricing structure for its direct platform, offering an promotional platform fee of 0.25%.

Aviva has launched an auto-enrolment planning tool that allows advisers to manage multiple employers' staging plans from a central hub.

Alliance Trust Savings (ATS) has signed an agreement with technology firm GBST to provide end-to-end administration of the wrap.

Defaqto has expanded its Diamond Rating system to include index tracker funds, incorporating Exchange Traded Funds and Open Ended Funds.

FIVE THINGS

IFA firm Chase de Vere has increased its hourly adviser fee to £250 after completing an annual review into its pricing structure.

QUICK QUIZ

Scottish Friendly has launched an open architecture onshore bond on Ascentric and IFDL with a 0.35% wrapper charge with no set up costs.

Advisers are being urged to adopt a phased approach to platform due diligence ahead of the introduction of new obligations on 6 April, with pricing as the least important consideration.