Technology

Some 57% of advisers have said they plan to outsource to discretionary fund managers (DFMs), according to research released today.

Towry has taken on Iress's Xplan business software solution to manage client data in its back office.

Skandia has criticised rivals for failing to offer an adequate re-registration process, forcing the platform to allow cash transfers into ISAs as an alternative.

Fidelity FundsNetwork and Skandia have completed the first electronic in-specie transfer of assets between two rival platforms - a key requirement of Retail Distribution Review (RDR).

Cofunds has become the UK's first platform to pass £50bn of assets under administration (AUA).

Platforms are questioning whether delays among the 'big three' propositions in listing investment trusts (ITs) may be compromising the independent status of the advisers who use them.

Discretionary fund managers (DFMs) have expressed scepticism at Skandia's claim its fund panel will be able to compete with them on price.

Fidelity FundsNetwork has admitted a backlog of developments has led to delays in the listing of investment trusts (ITs) on the platform.

Platform giant Hargreaves Lansdown has said it is ready for any price war started by rivals looking for a foothold in the direct to consumer market.

Novia has appointed its second sales manager recruited from insurer Zurich.