Funds

Close Brothers Asset Management has launched a new clean pricing structure on its self-directed platform, which will come in to operation on 10 March.

Hargreaves Lansdown has reversed its decision to increase charges for clients who hold investment trusts as it announced a set of record-breaking results.

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

Charles Stanley Direct has moved to capture large clients from competitors by scrapping its own charge for new or re-reg clients with £500,000 or more, for a limited period.

ENTERPRISE INVESTMENT SCHEMES

LATIN AMERICA

Bestinvest looks set to target the mid-tier SIPP market after revealing a clean pricing model beginning at 30bps for SIPP accounts below £250,000.

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

Nick Train has warned investors in his Finsbury Growth & Income trust not to expect a repeat of 2013 returns this year, saying his "jaw-dropping" outperformance may be about to end.

Aviva is introducing a platform charge of 0.15% for new customers with portfolios valued at more than £400,000.