A record year to date performance has taken Ascentric and IFDL past the £7bn milestone for assets under administration.

St James's Place has paid out £1.25m in compensation and redress to clients after uncovering evidence of serious misconduct by former partner Christopher Bladen.

Zurich's UK platform assets hit £6.97bn by the end of the third quarter, the latest numbers have revealed.

The platform industry "nudged" into a collective profit for the first time in its history in 2012, according to figures compiled by Altus.

Santander Asset Management UK has launched a range of multi-manager funds with an annual management charge of 40bps and a capped ongoing charge of 99bps.

AXA Wealth is launching an exclusive share class on the Architas range for Elevate users, which delivers a 20bps reduction in the standard clean share class charge.

AXA Wealth is launching a new share class on the Architas range for Elevate users, which delivers a 20bps reduction in the standard clean share class charge.

3i Group has sold its stake in Bestinvest to private equity firm Permira for an undisclosed sum.

Former Legal and General head of structured solutions James Harrington is joining Lowes Group as a consultant.

Investment company purchases on platforms by advisers and wealth managers are up 53% in the first six months of 2013 against the same period last year, research by the Association of Investment Companies (AIC) shows.