Purchases of investment companies on adviser platforms grew 1% in 2022, compared to a 7% drop in purchases of all products, according to new data.

The advised platform market has experienced its worst quarter for net flows since 2016 with just £4.3bn added in Q4 2022 - down £5.4bn on a year earlier.

Digital wealth manager Moneyfarm has launched a ‘platform as a service’ known as '&me' for M&G and powered by M&G Wealth.

Platform Transact has recruited Investec’s head of IT Damien Francis to the newly-created role of chief technology officer.