Ascentric boosts new assets by 189%

Funds under administration on the platform are now over £2.5bn, representing a 119% increase on 2009. The company was also successful in attracting new advisers to the platform, with 266 firms signed up during the year contributing to a near doubling of customers to 23,241. Agreements were also reached with several major advisory firms for white label platforms, providing access to further substantial market distribution. Royal London's life and pensions arms also showed strong growth over the period. with Scottish Life new business rising 37% from £1,578m to £2,159m in 2010. New bus...