Ascentric Wrap

SEI has added its suite of strategic portfolios to Ascentric in an expansion of its investment offering to the IFA market.

Principal Investment Management today launched its new wrap solutions service which it says is ready-made for the RDR.

Ascentric is continuing to wait for the transfer of £50m of Towry assets belonging to former Edward Jones clients as the FSA starts looking into the ongoing debacle.

Ascentric has unveiled plans to develop a white-label service giving IFAs a direct to consumer platform based around the Hargreaves Lansdown model by next year.

Assets on the Ascentric platform have passed £2bn with total assets under administration (AUA) surging 75% since the start of the year.

With so many platforms to choose from and new entrants set to join the industry, how can advisers make sure they pick the right proposition for their clients? Maria Merricks investigates.

Ascentric clients now have access to Tax Elected Funds (TEFs) following the launch of Querns Income First fund on the wrap - the first TEF to be marketed in the UK.

F&C is rolling out its UK Property fund to the broader IFA market by making it available on leading platforms.

MC Trustees has launched its MCT Malta Private Retirement Scheme on Ascentric - the first QROPS to be launched on a UK wrap platform.

The FSA has delayed the long-awaited publication of its platform consultation paper owing to intense lobbying from some of the industry's largest players.