Platforms

Aviva has written to advisers outlining its views on the challenges facing Mark Barnett, following a review of how he runs funds previously managed by Neil Woodford.

Ascentric's managing director, Hugo Thorman, has argued advisers' use of model portfolios is hindering the popularity of investment trusts.

Tim Orton, chief executive of Aviva's platform business, is aiming to double assets under administration (AUA) to £10bn by the end of 2015.

Hargreaves Lansdown chief financial officer Tracey Taylor has stepped down from her role and will leave the business next year.

Revealing platforms' profitability (and why it matters)

AXA Elevate has said a ‘systems error' is causing delays in income payments to hundreds of clients on the platform.

Legal & General (L&G) is splitting its savings business in two and restructuring other parts of its L&G Assurance Society (LGAS) division ahead of the departure of the arm's chief executive John Pollock next May.

Platforms will hold off cutting fees further until after they have dealt with significant changes to pricing structures in the first half of 2016, Standard Life's platform head has predicted.

Rob Hudson is leaving his role as head of Charles Stanley Direct at the end of December after three and a half years.

Square Mile Investment Consulting and Research is to provide fund research for Cofunds users in a partnership between the two companies.