Embark Group has appointed Sara Wilson as its new head of platform proposition after she recently transferred from Alliance Trust Savings (ATS).

Two major platforms reported significant losses today.

The latest research from the Association of Investment Companies, the trade body for investment trusts and investment companies, has revealed that purchases of investment companies by advisers and wealth managers on adviser platforms surged to a record level of £745m in the first nine months of 2017.

Alliance Trust Savings chief executive Patrick Mill is to step down from his role at the platform after five and half years at the helm, the company announced today.