// L&G

10 Mar 2017 UK platform industry ends year on a high

Download this press release here.

In a year overshadowed by political uncertainty, it is no surprise that investors sat on the side-lines waiting for the storm clouds to clear. But after three quarters of sluggish activity, sentiment improved and net sales rose to £10.5bn in the fourth quarter, the highest since Q415. However, it was not enough to correct the balance — annual net sales of £38bn were down 16% on the £45bn in 2015 and few platforms were able to improve on their 2015 figures.

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04 Apr 2016 Better late than never… Q415’s 60 second reviews

With lots of PLC-owned platforms in our statistics, we had to delay publication of the Platform Report until they'd all finished reporting their annual figures — it took until Mid March!

Anyway,  if you're time starved but need to keep your fingers on the pulse, look no further.  For the fund industry 60 second review, provided by Pridham, click here and for the Platform 60 second review click here.

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26 Mar 2013 L&G acquires Cofunds

After months, if not years of rumour, L&G has finally acquired the Cofunds platform.  The insurance company was one of six shareholders that first came together to challenge Fidelity in the supermarket world more than 12 years ago.  Since then, Cofunds has grown to assets of more than £50bn and is the leading platform in the market by AUA. It grew and became part of the established platform industry, losing its newcomer, cutting-edge status in the process.  Which may well be why the other five stakeholders were willing to sell to L&G — that and the fact that running a platform business is very expensive.

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