Platform and SIPP provider AJ Bell today reported pre-tax profits for the latest six-month period up 27% to £17.7m in its first results since floating in December.

Analysis by the Lang Cat for Zurich has found investment platforms were struggling to get to grips with delivering income in retirement.

Nucleus, the adviser-built wrap platform, has partnered with consultant and former FCA technical specialist Rory Percival to launch a white paper on the rules and regulations around suitability specifically aimed at financial advisers.

Platform exit fees could be axed by the Financial Conduct Authority to improve competition and make it easier for investors to switch platform.