Ascentric Wrap

Transact has told advisers it is not looking to expand into the direct to consumer (D2C) or workplace savings markets and will instead focus solely on the IFA space.

The platform market underwent permanent change in 2011.

Next year will be a decisive year for fund supermarkets as they look to make the "huge transition" to the unbundled world, say wrap platforms.

Advisers should consider the ownership of a platform when doing their due diligence as foreign-owned platforms are historically more likely to pull out of the market, according to Ascentric managing director Hugo Thorman.

Ashcourt Rowan Asset Management has announced its Managed Portfolio Service is available on the Ascentric wrap.

Wrap platforms have defended Hargreaves Lansdown's plans to charge a flat fee of up to £2 per month for tracker funds, saying the move is one of commercial necessity.

Investment management firm Heartwood has inked deals with a host of platforms as it looks to gain traction in the IFA market with a new investment proposition.

Ascentric is launching a direct-to-consumer (D2C) platform for adviser clients early next year.

Suffolk Life has confirmed that Skandia Investment Solutions is the latest platform to be added to in-house wrapper SmartSIPP.

Andy Reid, a British Army Corporal who suffered severe injuries serving in Afghanistan in 2009, has been named as the headline speaker at Ascentric's annual conference. Ascentric has unveiled details of its third annual conference which will explore...