Technology

Axa Wealth saw its sales drop slightly in Q1 year-on-year, although its platform business continued its expansion, now representing 50% of all individual sales.

Skandia UK has reported an increase in funds under management to £35.6bn for the first three months of the year, but net sales slipped 50%.

Lowes Financial Management has launched a portfolio analysis tool for users of its client-facing website CompareStructuredProducts.com.

QUICK QUOTE

The platform market recovered momentum in Q1 with assets under administration (AUM) growing nearly 10% on the back of rising stock markets, research has found.

TECHNOLOGY

Assureweb has been bought out American-based iPipeline as part of its expansion into the UK market.

Skandia Investment Group (SIG) has opened up its Spectrum Select client reporting service to more advisers.

James Hay Partnership is rolling out a reduced charging structure on its wrap for new and existing customers.

Wrap provider Nucleus has reported an operating loss of almost £1m for 2011 as the group invested in its proposition.