Wrap/platforms

Axa has announced its Architas fund range will be available on third-party platforms for the first time.

Wrap platform Ascentric has passed £5bn of assets under administration, an increase of 36% since the start of 2012.

AXA Wealth's Elevate platform has passed £5bn of assets under administration (AUA), a rise of 40% since the start of 2012.

Two major platforms are considering adding to their charging options after advisers suggested they - rather than their client - could pay the platform administration charge.

PLATFORMS

Adviser firm Informed Choice is to launch an execution-only platform in a bid to attract mass-market clients.

The Tax Incentivised Savings Association (TISA) is set to launch its much-anticipated platform-to-platform re-registration programme in the next few weeks, ahead of the Retail Distribution Review (RDR) deadline.

The FSA is preparing to extend the deadline for platforms to implement its proposed changes to the industry beyond the current target date of 31 December 2013, Investment Week understands.

AJ Bell has confirmed it will be one of the first major platforms to go live on Origo's Options re-registration service.

The Financial Services Authority (FSA) has begun informal discussions with key industry players about a potential ban on all fund commission payments from the start of 2014 for business written on platforms.