Platforms

Skandia Investment Solutions, one of the UK's largest platforms, made a loss of £11m in 2011 as the cost of preparing for RDR impacted the business.

Head of FundsNework David White is to leave Fidelity after ten years with the company.

Matrix Group is closing both its UCITS platform and its Asia sub-fund later this year.

LIKE-FOR-LIKE?

Cofunds is to provide its adviser users with access to a range of discretionary fund managers (DFMs) via the wrap for the first time.

Skandia has set out its unbundled charging structure, claiming it will result in a 0.37% platform charge for its typical customer.

Total assets on Axa's platform proposition Elevate grew by 49% to £4.3bn over the last year.

Jupiter chief executive Edward Bonham Carter has said the significant disruption facing platform business models in the run-up to RDR will lead to consolidation in the space.

Once again, advisers are being given the chance to vote for their favourite investment platform and independent planning tool provider in the Aberdeen UK Platform Awards in association with our sister title Professional Adviser.

Non-advised platform assets under administration will grow at a compound annual growth rate of 71% between 2011 and 2014, according to figures from Deloitte.