Parmenion, the platform acquired for £102m last week, is to invest in its own proprietary technology rather than follow other platforms in using third party ‘platform engine’ providers such as FNZ.

The popular 60/40 split between equities and bonds will fail to serve clients as well in an era of record low bond yields, according to fund manager and investment platform 7IM.

Transact has kept its spot as top adviser platform in terms of net sales in 2020, according to data from platform and fund research house Fundscape.

The Openwork Partnership and Embark Group have extended their existing distribution agreement to 2026 after a “successful year working together.”