Wrap/platforms

FundsNetwork's Paul Richards queries the fate of smaller portfolios.

Axa Wealth will introduce an automatic re-registration system on the Elevate platform later this month.

The abolition of rebates and pressure on margins could double the break-even point for platforms from £20bn assets under administration to £40bn resulting in major market consolidation, according to Deloitte.

Lighthouse has rolled out the Zurich retail platform across its national advice business.

Axa Elevate clients will be able to view documents online following industry feedback.

Seven Investment Management (7IM) will introduce a platform fee for its funds by April 2014, in anticipation of a Financial Conduct Authority (FCA) ban on cross subsidies.

Nucleus Financial CEO David Ferguson has said he believes the wrap has hit "sustained profitability" after it posted record first-half profits.

Investment Funds Direct Limited (IFDL) has selected Bravura Solutions as its preferred back office technology partner.

The majority of advisers are preparing to carry out extra platform due diligence following the publication of the Financial Conduct Authority's (FCA) platform paper.

Standard Life has integrated its portfolio analyser tool with its platform propositions and made a number of enhancements to the tool on Adviserzone.