Wrap/platforms

The Financial Services Consumer Panel (FSCP) is investigating platforms' recording of client transactions, following concerns consumers will be left with no investment history if providers go bust.

The FSA's platform policy paper has been delayed to Q3 as the regulator struggles to formulate final rules on controversial areas including proposals to ban cash rebates.

RSM Tenon has appointed Macquarie wrap's former head of distribution John Porteous to head up its wealth platform proposition.

A third of platform research carried out by advisers focuses on provider strength, suggests research from Capita.

Nucleus has added a self-service option to its model portfolios, which gives advisers more control to create and rebalance investments.

Bestinvest has launched an execution-only platform and SIPP service.

Platforms should spend less time launching financial planning tools and "step up" their efforts in the areas of financial strength, technology and service support, according to Rayner Spencer Mills.

Transact has held its top spot on The Platforum leaderboard for the first quarter.

Transact has fallen victim to a hacking scam on Twitter resulting in the wrap inadvertently inviting followers to play an "addictive" game about mobsters and the mafia.

Alliance Trust has published its top 20 most popular funds purchased through platform i.nvest for SIPPs and ISA investments over the 2010/11 tax year.