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Kellard Mike Axa Wealth 2014

Axa Wealth assets hit £27bn as platform AUA jumps 28%

24 October 2014 8:47 am | By Michael Berry

Axa Wealth grew its assets under management by 10 per cent to £27bn in the year to 30 September.

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Cofunds launches self-direct Sipp product

17 October 2014 12:51 pm | By Sam Macdonald

The platform says the move has been made to offer its self-directed intermediaries a Sipp product.

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Hargreaves warns low interest rates and deposit restrictions hit margins

14 October 2014 8:49 am | By Sam Macdonald

Hargreaves Lansdown has warned that continued low interest rates and the prevention of platforms to offer fixed term deposits is having a continued affect on revenues.

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Old Mutual Wealth axes platform drawdown charge and minimum investment fees

9 October 2014 10:00 am | By Sam Macdonald

The changes will come in on 1 January.

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Hargreaves could cut Wealth 150 to 50 funds

9 October 2014 9:57 am | By Sam Macdonald

Hargreaves Lansdown head of investment research Mark Dampier cites lack of good quality funds and fund managers.

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IFDL sales director exits for sunset clause-tackling venture

8 October 2014 8:42 am | By Sam Macdonald

IFDL institutional sales director Rob Beverley has left the platform provider to join newly launched firm Sentinel alongside Succession co-founder Andrew Smith.

Comments (3)

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Axa Wealth executive changes spark more senior departures

3 October 2014 4:02 pm | By Pamela Morris

Axa Elevate head of operations Mark Links and former Elevate chief operating officer Andrew Smith are set to leave the firm by the end of 2014.

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Old Mutual Wealth eyes D2C launch following Skandia rebrand

3 October 2014 9:30 am | By Michael Berry

Old Mutual is considering launching a direct-to-consumer proposition after the firm ditched the adviser-focused Skandia brand last month.

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Intelliflo director exits as David Child takes on COO role

1 October 2014 8:50 am | By Sam Macdonald

Chessell joined the firm in July 2012 and was formerly Skandia UK sales director.

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Annuity providers eye platform technology for post-Budget decumulation

26 September 2014 9:30 am | By Michael Glenister

Annuity providers are in talks with investment platform technology providers to power retirement income propositions from April next year.

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Old Mutual Wealth scraps Skandia brand

22 September 2014 8:38 am | By Natalie Holt

The Skandia brand, which launched in the UK in 1979, disappears from today.

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The Platforum announces new management team

17 September 2014 8:57 am | By Natalie Holt

The Platforum has announced a number of management changes following the resignation of founder and managing director Holly Mackay.

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Ascentric posts loss after £1.6m tech spend

17 September 2014 8:55 am | By Michael Glenister

Spend on new Bravura system pushes platform into £567k loss

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Octopus hires Elevate's Shaun Sandiford in IHT platform push

15 September 2014 10:17 am | By Sam Macdonald

News comes as Octopus signs an agreement with Novia to offer Octopus Inheritance Tax Service on the platform.

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Nucleus CFO to leave for Zurich

12 September 2014 9:47 am | By Michael Glenister

Nucleus chief financial officer Aileen Mathieson is to join Zurich as chief investment officer. 

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Banks and fund managers prepare assault on UK platform market

12 September 2014 8:30 am | By Michael Glenister

Money Marketing understands a number of banks and even fund managers are exploring options to build on their ability to deal direct with investors.

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Standard Life eyes D2C investment with Canada sale cash

11 September 2014 | By Michael Glenister

Advisers warn that providers widening their D2C presence must avoid overlap with advised client business 

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Platforms in talks to resume fixed-term deposits after FCA rule change

10 September 2014 9:31 am | By Michael Glenister

James Hay expecting to find “workable solution that fits within the new rules”.

Comments (2)

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Calastone takes on BNY transfer head

9 September 2014 8:32 am | By Sam Macdonald

Fund re-registration firm Calastone has appointed BNY Mellon head of transfer agency for EMEA and Asia Pacific Jon Willis as chief commercial officer.

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Aviva eyes self-serve hybrid platform

8 September 2014 4:50 pm | By Michael Glenister

Provider consulting with advisers over product development.

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Standard Life eyes D2C investment with Canada sale cash

5 September 2014 8:52 am | By Michael Glenister

The £2.2bn deal with Manulife saw the firm pay £1.75bn to shareholders.

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Hargreaves set to unveil D2C discretionary service

3 September 2014 12:59 pm | By Pamela Morris

Head of financial planning Danny Cox says the proposition will carry a TER below 2 per cent.

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Hargreaves backs non-advised guidance as it posts £210m profit

3 September 2014 8:50 am | By Michael Glenister

Company says ‘ability to assist client without increased liability’ set to increase.

Comments (5)

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Ascentric appoints Axa Wealth's Sarah Lyons as head of marketing

2 September 2014 10:11 am | By Sam Brodbeck

Lyons joins the platform after 12 years at Axa Wealth.

Comments (1)

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Nutmeg eyes pension wrapper as it posts £3.7m loss

1 September 2014 11:54 am | By Michael Glenister

D2C firm plans to target older, wealthier clients.

Comments (4)

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Novia takes £250k stake in advice firm

1 September 2014 9:05 am | By Michael Glenister

Wrap platform to provide loan facility up to £750,000.

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Hargreaves Lansdown 'set to apply for banking licence'

1 September 2014 8:45 am | By Natalie Holt

Analysts at Morgan Stanley expect Hargreaves to secure a banking licence in a bid to retain clients and capitalise on Budget reforms.

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Ex-Ashcourt Rowan boss sets simplified advice charges at 0.75%

26 August 2014 11:21 am | By Michael Glenister

Wealth Horizon to charge 0.25 per cent for initial advice and 0.5 per cent ongoing.

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Aegon hires D2C head

22 August 2014 12:25 pm | By Michael Glenister

Customer services director David Beattie appointed to head up non-advised channel.

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Nucleus posts £1m profits as it explores new adviser stake options

21 August 2014 12:00 pm | By Sam Macdonald

Nucleus saw £965m inflows, up 15 per cent from £837m in 2013 and also moved onto new Bravura Solutions platform Sonata.

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Pru in platform push as part of £100m investment plans

21 August 2014 | By Natalie Holt

Insurer to develop a range of Isas as part of £100m plans to diversify away from annuities.

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Pru in UK platform push

18 August 2014 8:30 am | By Natalie Holt

Insurer to develop a platform and a range of Isas as part of £100m plans to diversify away from annuities.

Comments (6)

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Standard Life increases Sipp drawdown charges

15 August 2014 12:09 pm | By Michael Glenister

Rival platforms have recently moved to reduce drawdown charges post-Budget.

Comments (1)

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Zurich recruits Platforum head of adviser platforms

15 August 2014 10:39 am | By Michael Glenister

Freddie Findlater has been with consultancy since 2008.

Comments (2)

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FNZ COO exits in management restructure

13 August 2014 2:10 pm | By Sam Macdonald

Platform provider FNZ chief operating officer David Page has left the firm following a management restructure.

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Woodford tops ATS platform sales in H1

12 August 2014 10:11 am | By Pamela Morris

The star manager’s newly launched equity income fund took the top spot as the most popular actively managed fund on the ATS platform.

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Tisa director general Tony Vine-Lott exits

12 August 2014 8:54 am | By Tom Selby

Vine-Lott leaves his role with immediate effect after 13 years at the trade body.

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Skandia platform profit hits £10m for H1

7 August 2014 8:52 am | By Michael Glenister

Old Mutual Wealth business sees pre tax profit increase 11 per cent.

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Friends Life set for Budget changes as profits drop

6 August 2014 10:20 am | By Tom Selby

Friends Life group chief executive Andy Briggs says the company plans to boost its direct-to-consumer proposition following the Budget announcement.

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L&G plans end of year D2C launch

6 August 2014 9:22 am | By Michael Glenister

Firm elso eyeing equity release launch and will expand drawdown post-Budget

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