Wrap/platforms

Nucleus is set to expand the range of protection products available on the wrap to include inheritance tax and death-in-drawdown policies, among others.

Standard Life has confirmed it is to pay the recently announced rebate tax for its users until the end of this year.

Novia, the online wrap provider, has already loaded 80% of available clean share classes and is targeting the provision of access to more than 2,500 by the end of June 2013.

ARMCHAIR CRITIC

Wrap Nucleus has selected Origo's Options Transfers solution to power its re-registration and asset transfer proposition.

Verona Smith, marketing director at Cofunds, is to exit the platform in the wake of the takeover by Legal & General.

Royal London has reported assets under administration on its Ascentric wrap platform have risen 16% to nearly £6bn, in what the company said is the wrap's "best ever quarter".

Skandia has taken a number of steps to speed up re-registration processes with platforms that are currently unable to handle automated re-registration.

A Scottish wealth manager has migrated £125m of client assets to Standard Life in seven months, with more than £80m coming from Fidelity FundsNetwork.

Investors with funds in stock and shares ISAs may become liable for tax charges on the bonuses they receive from platforms, The Times reports.