Wrap/platforms

AXA Wealth had added more than 1,000 additional clean share classes to its Elevate platform, taking the total available to 1,600.

The Financial Services Authority (FSA) has outlined plans for a further clampdown on referral fees paid by discretionary fund managers (DFMs) to advisers.

Delays to the Financial Services Authority's (FSA's) platform paper risks damaging the industry, according to a law firm, with life companies and self-invested personal pension (SIPP) providers most likely to benefit.

Old Mutual Wealth CEO Paul Feeney has dispelled worries about the effects of re-registration on the group's Skandia platform after it made a £2m profit, arguing rivals are behind the curve when it comes to facilitating electronic transfers.

Nucleus has passed £5bn assets under administration (AUA) on its platform.

Colin Jelley has returned to Skandia as head of wealth planning following a brief stint at St James's Place (SJP).

LIFE AFTER RDR

TECH REVIEW

PLATFORMS

Cofunds, the UK's largest platform, has backtracked on its unpopular policy on re-reg after an outcry from peers and advisers.