The distraction of the Retail Distribution Review (RDR) for advisers and challenging market conditions have been blamed for a 40% dip in net inflows onto Skandia's platform in the first half of this year.
Wrap platform Nucleus has updated its discretionary fund management (DFM) proposition, offering its adviser users more options when managing client investments.
Financial advisers are prioritising the speed of doing new business with platforms as the most important factor when selecting a provider, research suggests.
Axa Wealth has appointed Nucleus' Andrew Smith as chief operating officer (COO) of its platform proposition, Elevate.
Total assets on Axa's platform proposition Elevate grew by 49% to £4.3bn over the last year.
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.