Technology

Novia will offer passively-managed funds from Vanguard Investments on its platform.

Nucleus has bolstered its investment operations and finance teams with four appointments, including a new investment operations manager.

Morningstar Associates Europe has added five fund portfolios to its Portfolio Selections service for advisers and their clients.

Skandia remains the top platform, attracting the highest volume of new sales for the first half of this year, according to the latest data for the platforms market.

Lloyds TSB Development Capital (LDC) has paid £42m for a controlling stake in software firm 1st-The Exchange, in the largest institutional buyout by a private equity group this year.

Nucleus CEO David Ferguson assesses the future role of life companies in the wrap arena.

Corporate bond funds saw a resurgence in popularity following a two-month dip in demand, accounting for a third of net sales on the Cofunds platform in July.

The founders of financial planning software firm 1st Software have invested £250,000 in Sammedia in return for a minority stake in the company.

Fidelity International has upgraded its website for IFAs to include a recovery indicator and additional graphs and presentations about its products.

Corporate wraps will not pose a threat to adviser firms but will instead complement their services, according to Friends Provident.