Standard Life says it has made “significant enhancements” to its recently-acquired Elevate platform including a new business process and improved functionality aimed at cutting down on the time taken to use the service.

Standard Life’s Financial Planning division 1825 has revealed a management shake up which will see Julie Scott, current chief operating officer, promoted to CEO and current CEO Steve Murray becoming chairman.

Parmenion, the adviser platform and investment service, has told users that there will be no change to the way it operates despite the merger this week between its parent company Aberdeen Asset Management and Standard Life.

The platform sector saw continued rapid growth in the second quarter thanks to inflows from Pension Freedom business and ISA sales, according to analysts.