Seven Investment Management (7IM) has seen assets under management (AUM) pass the £5bn mark for the first time in the firm's eleven year history.

The UK needs about 5,000 extra financial advisers to cope with the rising demand for retirement advice, research from Standard Life concludes.

One in five consumers will seek out first time advice in order to prepare for retirement, according to Axa Wealth.

The proportion of the platform market carrying out fund re-registrations automatically is expected to reach 80% by the end of the summer.

AJ Bell has added 70 exchange traded funds (ETFs) and investment trusts to its Sippcentre platform Regular Investment Service.

IFA firm Informed Choice is partnering with web development firm Codepotato to crowdsource a technology solution for IFA firms.

FIVE THINGS

This week on IFAonline.co.uk, we've had Northern Rock sales, Barclays fines and adviser numbers. But how much do you remember?

Private equity investor HgCapital has become a majority shareholder in software provider IntelliFlo after making an undisclosed investment through its Mercury fund.

The percentage of assets going into clean share classes on the Axa Elevate platform has reached 56%, having more than doubled since the start of the year.