Wrap/platforms

Nucleus will continue to allow advisers to become shareholders and aims to have introduced an investment process by the end of the year.

Independent wrap platform IFDL is putting its direct-to-consumer (D2C) business Fundsdirect up for sale.

Standard Life has gone live with financial services consultancy firm Altus for automatic re-registration.

Skandia clients will now be able to link their assets to those of their spouse or civil partner in order to potentially qualify for a lower platform charge.

Seven Investment Management (7IM) has seen assets under management (AUM) pass the £5bn mark for the first time in the firm's eleven year history.

The proportion of the platform market carrying out fund re-registrations automatically is expected to reach 80% by the end of the summer.

AJ Bell has added 70 exchange traded funds (ETFs) and investment trusts to its Sippcentre platform Regular Investment Service.

FundsNetwork's own self-invested personal pension (SIPP) is due to be launched in September and will carry a 0.25% fee.

Hargreaves Lansdown has ruled out the prospect of taking marketing fees from fund groups or allowing advertising on its website, saying it wants to offer a 'transparent' fee structure when new regulations are implemented next year.

The percentage of assets going into clean share classes on the Axa Elevate platform has reached 56%, having more than doubled since the start of the year.