Wrap/platforms

Axa Wealth has said it has "resolved" functionality issues on its wrap proposition Elevate which has now reached £4bn assets under management (AUM).

Novia has expanded its discretionary fund manager range with the addition of stockbroker EFG Harris Allday to the platform.

Axa Wealth is launching a restricted advice offering for advisers looking to move away from independent status.

INVESTORBEE

Barclays wealth and investment management business has launched a range of five risk-rated model portfolios as it looks to further align itself with the IFA community.

Ascentric has broken the £4bn assets under administration (AUA) barrier as the Royal London-owned wrap nears 12 months of sustained profitability.

Standard Life CEO Paul Matthews said he is excited about the roll-out of the retail distribution review (RDR) next year, as he expects more advisers to use its fee-ready wrap and investment solutions.

Platform unbundling will no doubt make investment trusts more accessible - but the jury is still out on whether it will make them more popular.

The FSA has raised concerns that advisers are adopting a "one size-fits-all" approach to platforms and not adequately managing conflicts of interest.

The FSA has suggested it is likely to go ahead with a ban on fund manager rebates when it publishes a consultation paper at the end of the month.