Wrap platform firm Ascentric has launched an Isle of Man-based offshore bond administered by Royal London 360°.

AXA Wealth’s specialist investment company Architas has changed its active and passive funds to provide simpler and clearer names.

Technology provider Avelo has acquired mortgage technology firm TrigoldCrystal.

AXA Wealth has seen sales on its Elevate platform rise by 14 per cent to £426m in the first quarter of 2012.

Standard Life has announced its adviser charging policy and said it hopes to implement it in Q4 this year, ahead of the RDR.

Economists are forecasting positive results for the next GDP figure with 0.1 per cent growth forecast, according to a leading think-tank.

Martin Currie Investment Management has been fined £3.5m by the Financial Services Authority for failing to manage conflicts of interest.

Interest rates were held at 0.5 per cent today by the Bank of England.

Operating income at wealth management firm Rathbones was up 12 per cent year on year for the first quarter of 2012.

Nigel Wilson has been promoted to group chief executive of Legal and General, replacing Tim Breedon.