Advisers using Standard Life platform up 12%

The number firms using the platform has risen to 1,168, up from 1,041 in the first quarter of last year. Total platform assets under administration increased by 11% to £16.2bn. Firms with more than £20m on the platform are up 43% on Q1 2012 to 190 firms, and the company said it dealt with 192 new adviser firms during the quarter. Standard Life said it had a "smooth transition" to operate under the Retail Distribution Review, with 72% of wrap clients now using adviser charging. The company reported long-term savings new business sales of £6.3bn for the first quarter of the year, ...