AJ Bell drops platform costs as profits fall

Profit before tax at investment platform AJ Bell fell to £26.1m (HY21: £31.6m) for the six months ending 31 March.

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Transact net inflows rise 16%

Net inflows for adviser platform Transact rose 16% to £2.68bn in the six months ending 31 March.

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Platform engine FNZ appoints new CEO

FNZ, the platform ‘engine’ behind many UK investment platforms, has appointed Alastair Conway as its new CEO for the UK and South Africa. 

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Parmenion swings into profit as revenue rises

Revenue for core business at Parmenion rose 20% to £36m in 2021 as the platform swung from loss to profit following its sale by Standard Life Aberdeen in July.

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