View more on these topics

FNZ aiming for £100bn

FNZ expects to increase its assets under administration fivefold to £100bn by the end of 2013.

The technology provider says the imminent launch of new platforms it powers and the increased use of platforms brought about by the RDR will boost its current £20bn AUA.

FNZ powers platforms for Axa Elevate, Standard Life, JP Morgan and HSBC’s workplace retirement proposition, with further launches from Zurich, Friends Life and Close Asset Management expected before the end of the year.

FNZ group chief executive Adrian Durham says: “We have built the current AUA over the last three or four years and when the new platforms go live and RDR comes in we expect that to grow significantly.”

He says FNZ expects to reach £25bn AUA by the end of this year based on its current growth of £1bn a month.

FNZ is in discussions with discretionary fund managers with a view to making them available to all FNZ-powered platforms.

Recommended

Advice still needs a human touch

The Money Advice Service website has raised much debate over the last few weeks. Free or not, it is here to stay and we probably need to find a way to embrace the positives rather than dismiss it out of hand. My initial reaction is that there is broad spectrum of quite detailed and useful […]

UK asset management risks losing competitive edge

Fund managers are concerned the UK could be losing its competitive edge as an international hub for the asset management industry, according to the latest research. The new Asset Management in the UK 2010-2011 survey, which was conducted by the Investment Management Association, shows just 14 per cent of respondents say the UK improved as […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com