Ascentric Wrap

Fresh concerns among advisers about how the Financial Services Authority (FSA) may view their tactical asset allocation calls are helping to drive the growth of discretionary fund managers (DFMs), according to Ascentric chief executive, Hugo Thorman....

The platform industry will struggle to ever break even as a whole, according to research into firms' financial stability.

Wrap platform Ascentric has passed £5bn of assets under administration, an increase of 36% since the start of 2012.

Ascentric has added Lex Futura's online legal products to its range of additional services available to intermediaries.

Investment Funds Direct Limited (IFDL) will power SimplyBiz's Verbatim Product Centre, that launches next month.

Assets on Royal London's wrap platform Ascentric grew 42% to £4.7bn in the nine months to 30 September, with new inflows dropping 18% to £856m, according to latest figures.

Ascentric has appointed Philip Gilder and Jason Owen to its propositions team.

Barclays has launched its latest round of FTSE autocall structured products with a number of platforms and self-invested personal pension (SIPP) providers.

Ascentric has confirmed its post-Retail Distribution Review (RDR) plans, including the banning of legacy commission.

Profits at Royal London fell by 25% in the first half of the year as a slow market hit new sales and low interest rates affected revenues from customers' policies.