Canada Life has added 430 funds from 20 different investment houses to its fund range available through its Retirement Account drawdown platform.

Fidelity has acquired low cost financial services dealing firm Cavendish Online and will add it to its Personal Investing platform.

Standard Life’s Elevate platform is to add a new range of DFM partners for the first time through its new Separately Managed Accounts (SMA) service.

Platform charges have on average come down by five to seven basis points in the last five years and are set to continue to fall at the same rate, according to a new report.