Ascentric up for sale

Adviser platform Ascentric has been put up for sale by Royal London, following the appointment of a new chief executive, Barry O’Dwyer. Ascentric has nearly £16bn of assets under administration and provides white-label platforms to advice firms such as Succession, its biggest client. 

No details of the decision to sell Ascentric were provided, but a Royal London spokesperson said, ‘As you would expect, we’re exploring a number of options to help inform our future strategy.’