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  • Nucleus adds new white-labelled portal

    Third Financial, part of the Nucleus platform group, has launched a white-labelled digital proposition for large advice firms.

  • Platform assets climbed to new high in 2024

    Platform assets set a new high of £1.1trn in 2024, with adviser platforms accounting for £697bn, new data from consultancy Fundscape shows.

  • Quilter and Aviva platforms most recommended in 2024

    The Quilter Investment Platform and Aviva Platform were the two most recommended adviser platforms in 2024, substantially ahead of their rivals, according to new data.

  • Transact appoints new CEO as Jonathan Gunby retires

    Long-serving Transact CEO Jonathan Gunby is to retire in March and will hand over to colleague and chief development officer Tom Dunbar.

  • Watchdog bans burning banknotes platform ads

    The Advertising Standards Authority has banned several advertisements for investment platform Wahed Invest which showed banknotes on fire.

  • Transact parent funds up 17% in 2024 to £64.1bn

    Integrafin, parent company of adviser platform Transact, has reported a 17% rise in funds direction (FUD) in 2024 to £64.1bn (FY23:£55bn) in its annual results today.

  • Investment platform adds zero-fee SIPP

    Investment platform InvestEngine has launched a zero-fee SIPP offering for new and existing customers.

  • Nearly 1 in 2 advisers worry about a platform failing

    Nearly half (47%) of advisers think it is likely a platform could fail financially in the next three years, according to the latest Scottish Widows Investor Confidence Barometer.

  • Advised platform customers rise 8% for AJ Bell

    Advised platform customers rose 8% for AJ Bell to pass 171,000 for the year ended 30 September (30 September 2023: 159,000).

  • 9 in 10 advisers apologised to clients for platform service

    More than 9 in 10 financial advisers (95%) have had to apologise to clients for poor platform service in 2024, according to a new report.

  • Platforms Association tops 40 members

    Newly-launched trade association The Platforms Association has expanded to 46 members just two months after launching.

  • Transact allows pensions to be opened online

     

    Adviser platform Transact has added the ability to open existing clients’ pension wrappers (such as personal pensions and SIPPs) online.

  • Net platform sales drop in scramble to move assets

    Net investment sales via platforms fell 30% in the latest quarter to £5.4bn compared to the previous quarter as investors scrambled to protect assets before the Budget.

  • AJ Bell hires 2 for leadership team

    Investment platform AJ Bell has added Ryan Hughes and Stephen Westgate to its executive committee.

  • Phil Billingham: Why are providers so bad at death?

    We are often told that the only certainties in life are death and taxes. While that may be true, you cannot easily discern that truth from the policies and actions of many product providers.

  • New trade body for £1trn platforms sector

    A new trade body has been launched to represent the £1trn investment platforms industry.

  • Platform losses are not an excuse to keep cash interest - FCA

    Some investment and SIPP providers have been retaining interest earned on cash-holdings to subsidise loss-making platforms, according to an FCA study published today.

  • Timeline adds Letter of Authorisation tech

    Fintech and investment provider Timeline has partnered with The Pension Lab to offer a digital solution to automate and streamline the Letter of Authorisation (LOA) process for advisers.

  • Cash interest rates attracting clients for advisers

    Over half (54%) of advisers say that current cash interest rates on platforms have helped them attract new clients, according to new research.

  • M&G to exit digital platform market

    Investment and wealth manager M&G is to exit the digital platform market and will merge its life and wealth divisions in a major shake up for the company.

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