Technology

Former Bankhall managing director David Golder will join SimplyBiz in the newly created role of client proposition director next month.

The number of intermediaries placing all their business on platforms in first-quarter 2013 rose 25% compared with fourth-quarter 2012, according to research released today.

Paul Pettitt looks at where the industry is with re-registration of assets and where it could be by the year-end.

Architas has introduced a new charging option for its range of risk-rated passive investment funds.

Platform giant Cofunds is set to report a significant drop in net retail sales of more than £1bn for 2012, compared to the previous year.

Total platform industry costs stood £50m higher than revenues in 2011 despite assets under administration of nearly £250bn, according to Altus.

Platforms have adopted a lot of new and unnecessary regulatory processes and need to step back and take a "sense check", according to one wealth planner and chief executive.

Cofunds has reported an annual profit fall of 15% for 2012, despite increasing turnover and assets under administration (AUA).

The trade union which represents Aegon staff has branded the life company's move to cut 160 roles as "devastating".

UK funds blossomed in May as, despite UK sectors seeing outflows, four were placed in the top 20 overall selling funds, according to figures from platform Cofunds.