Spread betting platform CMC Markets is to launch a retail investment platform as it looks to compete with the likes of Hargreaves Lansdown, Funds Network and AJ Bell.

There has been a sharp rise in the amount of assets and platform accounts that are linked between family members over the last year on Quilter’s UK platform, Old Mutual Wealth.

Fidelity’s adviser platform FundsNetwork has appointed former M&G head of wealth proposition Sam Christopher as head of proposition, strategy and growth.

Wealth manager and platform firm AJ Bell is to relaunch its recently acquired mobile phone fintech Adalpha as an app-based platform called ‘Touch by AJ Bell'.