Platform views: Terry Huddart on Ascentric and Transact

#7 Ascentric: Let me call my dealer Back in January 2007, Ascentric started life as what I would call an ‘asset aggregation' platform - that is to say, it hosted the basic tax wrappers, the ISA and the general insurance account (GIA), itself. But for pension and bond wrappers, it had arrangements with various providers - it was a case of opening accounts off-platform and moving the money to Ascentric's custodianship. That open architecture model is the right one in some instances and is still in place on Ascentric (and some other platforms) if that is what you need. The model gives who...