Wrap/platforms

The CEO of fund management group Jupiter has said the significant disruption facing platform business models in the run-up to implementation of the Retail Distribution Review (RDR) will lead to consolidation in the space.

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Nucleus has improved its technology in order to provide faster and easier administration, following consultation with users.

Financial planner and asset manager Ashcourt Rowan has announced a pre-tax loss of £2.32m for the year ending 31 March, against £5.75m in the previous year.

Friends Life has introduced fee facilitation options across a number of product ranges ahead of the implementation of new remuneration rules brought about by the Retail Distribution Review (RDR).

A significant proportion of advisers are to adopt a "second platform" strategy following the Financial Services Authority's (FSA's) finalised guidance on independent and restricted advice, according to the Platforum's adviser platform guide.

Sesame Bankhall Group has begun rolling out a new advice platform to its member firms.

Aviva is to roll out a simplified pension proposition on its platform, sitting between its ISA and SIPP models.

RDR