Wrap/platforms

Advisers must consider the likelihood and impact of platform providers' exit strategies on their clients when carrying out due diligence, warns Skandia.

Skandia UK has posted a near 140% surge in sales during the first nine months of the year as RDR drives demand for its SIS platform.

Better Business: Platforms

Life giant Prudential has decided not to invest millions of pounds developing a wrap platform because it believes in future the technology could be given away free, according to head of intermediated distribution Andy Curran.

Professional Adviser has joined forces with Fund Intelligence to investigate what advisers really think of their wrap platforms.

Axa Wealth has unveiled plans to expand its wrap proposition Elevate into the Asian market.

Nucleus has passed £2bn in AUM as it announces another two firms have joined the IFA-owned wrap.

The FSA has expressed concern IFAs are drastically underestimating the risks of making client investments on platforms, with some firms accused of shoe-horning clients into pre-packaged solutions.

In the latest Interactive Financial Adviser debate, our panelists from Ascentric and Worldwide Financial Planning discussed corporate platforms and wraps.

Legal & General Savings has appointed former head of Standard Life Savings Geoff Towers as MD platforms and distribution as the firm focuses on its RDR business transition strategy.