Nucleus is launching a white label, execution-only platform in Q3 which will help advisers build and market a direct wrap proposition for clients.

Platform sales on Axa Wealth's wrap proposition Elevate rose 75% in 2011 to £1.3bn, bringing total platform assets under administration to £3.5bn.

Cofunds head of commercial, Russell Lancaster, says clean share classes represent the ultimate in transparency.

The Bank of England has raised its inflation forecast for two years' time to around 1.8%, more than some economists had predicted.

FundsNetwork has extended its managed solutions offering with the launch of a risk-profiling service for its multi asset range.

Platform assets increased to £173bn in the final quarter of last year - despite a drop in sales owing to ongoing economic uncertainty, research suggests.

Aviva has reduced bonus rates on some of its with-profits funds, citing adverse economic conditions.

The Bank of England's Monetary Policy Committee (MPC) has increased its quantitative easing programme by £50bn as it looks to shore up the UK's ailing economy.

Phone hacking at News International has cost Rupert Murdoch's News Corporation nearly $200m (£126m) to date, the company said last night, as it warned it could not predict the final bill.

The Tax Incentivised Savings Association (TISA) has completed the initial stages of its platform re-registration project, and a contract club will now have responsibility for delivering electronic transfers.