Wrap/platforms

Corporate bonds have staged a significant recovery in 2012, according to the latest figures from Cofunds.

Aegon-owned national IFA Positive Solutions said it has returned to profit after implementing a number of cost-cutting measures.

Meteor Asset Management is launching a structured product platform for financial advisers.

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Wealth manager Ashcourt Rowan has appointed Cofunds to power its adviser platform proposition.

Investec Structured Products has launched its first UCITS fund which aims to provide equity-like returns and protection from counterparty risk.

Royal London-owned wrap Ascentric has launched an offshore bond for clients seeking the tax benefits of investing offshore.

Four major fund houses have joined forces with technology provider IFDS to white-label enhanced online propositions for their existing direct customers ahead of RDR.

Axa Wealth saw its sales drop slightly in Q1 year-on-year, although its platform business continued its expansion, now representing 50% of all individual sales.