Platform plan calls for split charges

Scott, Tracey
August 2009
Money Marketing;8/27/2009, p7
The article reports on the call of Ascentric for platform charges to be split into four elements to improve transparency in the retail distribution review (RDR) in Great Britain. Managing director Hugo Thorman emphasizes the need for the RDR to go further than plans to split the adviser and product provider's charges. He says that those who oppose the company's idea is either because they cannot do it or there is some cross-subsidy taking place they do not want people to know about.


Related Articles

  • Ascentric reaches £175m assets.  // Money Marketing;10/18/2007, p32 

    The article reports that Ascentric has submitted wrap to the independent financial adviser (IFA) market under the advisory of chief executive Hugo Thorman by which they have received strong support form advisers focusing on the high-network-worth channel. Experts were negotiating to install the...

  • PIMS: Ascentric set to soft-launch white-label platform. Macdonald, Sam // Money Marketing (Online Edition);5/23/2013, p31 

    The article reports that adviser self-direct white-label proposition is being launched by Investment Funds Direct Ltd. with around 50 firms over the course of 2013. Ascentric managing director Hugo Thorman says that to make sure clients do not think they are receiving advice, part of the early...

  • Ascentric MD Hugo Thorman to become chairman. Glenister, Michael // Money Marketing (Online Edition);11/28/2013, p1 

    The article reports that financial services firm Ascentric's managing director Hugo Thorman will assume a new role at the platform as executive chairman.

  • Fundsdirect opens wrap service to whole market. Hildrey, Simon // Fund Strategy;1/22/2007, p28 

    The article presents an interview with Hugo Thorman, executive managing director of Ascentric in Great Britain. When asked about Ascentric, he explained that it is a wrap service which has been established by Fundsdirect. He added that, it enables advisers to transfer the assets of their clients...

  • Firms sign up to Ascentric platform. Shaw, Sam // Money Marketing;2/15/2007, p26 

    The article reports that Ascentric has disclosed the seven financial adviser firms signed up to use its application service provider. They include Evolve Financial Planning, Beaufort, Pensions Reserve and Stafford & Co. According to managing director Hugo Thorman, every firm will be given share...

  • Platforms poised to overtake life offices.  // Money Marketing;6/21/2012, p28 

    The article reports that wrap platform provider Ascentric managing director Hugo Thorman has mentioned the possibility of new investment business placed on platforms to overtake new investments with life companies in early 2013 in Great Britain.

  • Platforms cast doubt on market mergers.  // Money Marketing;11/ 1/2012, p28 

    The article focuses on the statement issued by Ascentric managing director Hugo Thorman and Axa Wealth marketing and distribution director David Thompson that convergence of platforms would be difficult to achieve, speaking at the Platforum annual conference in London, England in October 2012.

  • Ascentric ponders a switch to fixed costs. Glenister, Michael // Money Marketing;10/10/2013, p3 

    The article focuses on the remarks of Ascentric Chief Executive Hugo Thorman about the firm's plan to introduce a hybrid model involving fixed costs as an alternative to the firm's pricing structure which is based purely on basis points system (bps).

  • Hugo Thorman.  // Money Marketing;9/4/2008, p37 

    The article focuses on the business conditions and strategies at Ascentric and its chief executive officer (CEO) Hugo Thorman. A personal profile of Hugo Thorman is given, along with his career development and experience in the industry. It states that Thorman is aiming his company for funds...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics