M&G Wealth has selected Richard Denning to be the new CEO of Ascentric, the investment platform it acquired last year from Royal London.
M&G has hinted that its takeover today of platform Ascentric could open the door to more SIPPs business.
The number of financial advisers adopting Centralised Retirement Propositions (CRPs) is expected to rise significantly from 48% to 71% over the next 12 months, according to new research.
Growth in Sipps business this year following a charges overhaul has helped boost figures for wrap platform Ascentric, part of Royal London group.
Ascentric and its white-label Independent Funds Direct Ltd has agreed to outsource its back office technology to Bravura Solutions.
The Independent wrap platform Ascentric has announced the appointment of Matt Nelson and Lester Curley to its Business Development team. The duo will report to Head of National Sales, Alan Ferguson.
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