Technology

Financial services group True Potential is to enter the fund management market with the launch of its own 15-strong fund range, a senior partner has said.

The private equity firms eyeing wrap provider Transact have withdrawn their approaches, Professional Adviser's sister title Investment Week understands.

Axa Elevate has said a ‘systems error' is causing delays in income payments to hundreds of clients on the platform.

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Axa Wealth is to drop charges associated with drawdown and its Pension Investment Account on its Elevate platform.

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Santander is planning to set up a direct to consumer (D2C) investment platform months after confirming it is re-entering the investment advice space.

Old Mutual Wealth, the UK's third largest adviser platform with funds under administration of £30bn, will begin bulk converting any remaining clients in bundled share classes to unbundled in February 2015.