The FSA is unlikely to pursue plans to collect transactional data on advisory businesses from product providers, platforms and third party distributors via product sales data (PSD), the regulator suggested today.

Investment management firm Heartwood has inked deals with a host of platforms as it looks to gain traction in the IFA market with a new investment proposition.

Platform assets under administration fell more than 4% in Q3, according to figures from consultancy group The Platforum, which suggested advisers have begun to doubt the value of platforms to their business.

Aviva is set to launch a corporate wrap solution next year as it looks to grab a foothold in the workplace savings market.

Ian Darby, chief executive of Towergate Financial, has stepped down from his role in order to pursue other interests.

Origo, the eCommerce standards and services body for the financial services industry, has announced Cofunds, Fidelity, AJ Bell and Suffolk Life have jointed its pension transfer service.

Professional Adviser and Protected Product Review (PPR) are delighted to announce the winners of the PPR Structured Product Awards 2011.

Skandia UK has announced a 5% fall in net inflows and funds under management for the first nine months of the year - but said it had outperformed wider industry trends.

Ascentric is launching a direct-to-consumer (D2C) platform for adviser clients early next year.

Wealth manager AFH Financial Group has acquired three Midlands-based IFA businesses for £371,500.