Wrap/platforms

REGULATION

Nearly half of asset managers have said they will not offer discount share classes to platforms as they do not class them as distributors, preferring instead to deal directly with larger advisers.

Cofunds has entered into a two-way integration with Intellifo which will allow trading on the platform to be triggered from within Intelliflo's Intelligent Office software.

Consultancy firm the lang cat is working to create an online resource to help advisers carry our appropriate due diligence on platforms.

Prudential has launched a range of clean share classes, known as ‘P shares', which are available on the Standard Life and Aviva platforms.

A record year to date performance has taken Ascentric and IFDL past the £7bn milestone for assets under administration.

Skandia has seen a rapid rise in the number of advisers writing flexible drawdown business on its pension platform, with figures up 200% in the past 12 months.

CLEAN BREAK

Zurich's UK platform assets had grown to £6.97bn by the end of the third quarter.

The platform industry "nudged" into a collective profit for the first time in its history in 2012, according to figures compiled by Altus.