FSCS

Support service PanaceaIFA has criticised the Financial Services Compensation Scheme (FSCS), after a poll of its members found 97% believe there needs to be more transparency about how the body arrived at its 2012/3 levy.

Discretionary fund manager Brooks Macdonald is to make its administration services available to adviser clients, following "significant demand".

RACE FOR SECOND

Mattioli Woods has launched an in-house discretionary portfolio management service.

Axa Wealth has appointed Nucleus' Andrew Smith as chief operating officer (COO) of its platform proposition, Elevate.

The Financial Services Consumer Panel (FSCP) is urging the Financial Services Authority (FSA) to seek to extend the deadline for a £54m Arch Cru payment scheme involving Capita, BNY Mellon and HSBC.

RE-REG

Nucleus has improved its technology in order to provide faster and easier administration, following consultation with users.

The Association of Independent Financial Advisers (AIFA) has criticised a proposed redress scheme for investors in Arch Cru.