Barclays shuts Woolwich PM in IFA platform push

The bank has recently changed its distribution strategy through multiple launches on Transact, Nucleus, 7IM, SEI, Ascentric, Novia, as well as self-invested personal pension (SIPP) providers AJ Bell, SIPPCentre and Suffolk Life and a number of stockbrokers. It plans to launch products on every major platform by next year. A spokesperson for Barclays pointed to the "changing regulatory landscape and rapidly growing use of third party platforms" for altering its IFA distribution strategy. "From 1 January 2013, Barclays will be making its structured investments for UK intermediaries ...