fund platform

Holly Mackay, the founder and MD of platform advice, research, and events firm The Platforum, has resigned from the business, the group has confirmed.

Standard Life Investments has appointed James Millard to work within its MyFolio Fund Solutions team.

Tax planning specialist Octopus has hired Shaun Sandiford from AXA Elevate to head up its relationships with platforms.

Investors will find their choice of platforms has halved in as little as ten years' time, according to FundsNetwork advisory services head Jon Everill.

Standard Life's discretionary service wrap has seen £125m of inflows since it launched in April this year, the group has said.

The regulator is to meet members of Tisa to discuss re-registration rules next month, with the trade body reiterating to platforms best practice guidelines when dealing with super clean share classes after issues arose recently.

Wrap Nucleus saw £725m of inflows in the six months to 30 June, with profits jumping 85% as the platform grew its market share.

Advisory and wrap business Raymond James Investment Services has consolidated its return to profit, generating almost £235,000 in 2013.

Royal London chief executive Phil Loney has said the group is currently preparing its wrap platform Ascentric to be "four or five times the size it is today" over the coming years, following a tougher 2014.

Prudential is planning to move into the platform space as part of a drive to diversify its business, the company has told analysts.