fund platform

Platforms will need to have at least £40bn in assets under management to survive the margin squeeze caused by new regulations, research by Deloitte has claimed.

Axa Wealth has appointed Skandia's former head of proposition Graham Bentley as its interim head of fund group relations.

Financial advisers are being invited to cast their votes in three key categories at the Aberdeen UK Platform Awards.

Platform Novia has seen its profits before tax jump by more than a fifth in 2012, after assets climbed sharply to rise above £1.4bn.

Axa Portfolio Services - the parent company of the Axa Elevate platform - has reported a pre-tax loss of £29.9m for the year ending 31 December 2012, representing a 10% improvement on the £33.5m loss recorded for 2011.

Some of the UK's largest fund houses are considering launching retail share classes with a 0% AMC rather than provide platforms with ‘super clean' alternatives.

Architas has introduced a new charging option for its range of risk-rated passive investment funds.

Platform giant Cofunds is set to report a significant drop in net retail sales of more than £1bn for 2012, compared to the previous year.

Total platform industry costs stood £50m higher than revenues in 2011 despite assets under administration of nearly £250bn, according to Altus.

Advisory firms who have achieved excellence in running a platform-enabled business or practice are being invited to submit entries for the prestigious annual Aberdeen UK Platform Awards.