Platforms
Best Practice | 5 Mar 18
Asset managers pay £34m compensation for closet trackers
The Financial Conduct Authority (FCA) has ordered asset managers to pay investors £34m (€38m, $46.9m) in compensation after overcharging for “closet tracker” funds, in a move described as “hugely positive” for investors.
Transact receives premium listing in £650m IPO
The parent company of investment platform Transact has been admitted to the London Stock Exchange’s main market for listed securities.
Aegon backs platforms over life in top-tier shakeup
Aegon has taken a major step away from being a traditional life company towards becoming an intermediated, digital platform business, as it makes a raft of changes to its senior management team and announces a new investment management company.
Platforms are dead, says The Lang Cat boss
Platforms have spurned the gift of the retail distribution review (RDR) and are dead, according to Mark Polson, founder of financial services consultancy The Lang Cat.
Ex-Platforum head signs Fidelity and Bravura to own consultancy
Former Platforum head Heather Hopkins has launched a research and consulting business.