Axa Wealth has appointed Nucleus' Andrew Smith as chief operating officer (COO) of its platform proposition, Elevate.
Total assets on Axa's platform proposition Elevate grew by 49% to £4.3bn over the last year.
The CEO of fund management group Jupiter has said the significant disruption facing platform business models in the run-up to implementation of the Retail Distribution Review (RDR) will lead to consolidation in the space.
Nucleus has improved its technology in order to provide faster and easier administration, following consultation with users.
Financial planner and asset manager Ashcourt Rowan has announced a pre-tax loss of £2.32m for the year ending 31 March, against £5.75m in the previous year.
Friends Life has introduced fee facilitation options across a number of product ranges ahead of the implementation of new remuneration rules brought about by the Retail Distribution Review (RDR).