For stock market results reasons, we published headline figures only for the PLATORM INDUSTRY in February 2018. Now that all platforms have released their results, we can reveal the leading platforms for 2017.
Momentum continued to build in the platform industry during the second quarter as pension freedom and ISA business drove investment. Market growth was neutral in the second quarter, but assets under administration rose by £19bn (4%) to £539bn, while gross and net sales again climbed to new highs of £34bn and £14.4bn respectively.
Despite the pessimism that had permeated the industry before RDR was introduced, 2013 turned out to be an extraordinary year for platforms thanks to the convergence of steadily improving markets, a marked upturn in investor sentiment and the introduction of RDR. The net effect was that platform assets grew by £98bn in 2013, rising from £196bn at the end of 2012 to £294bn in 2013 — a growth rate of 50%.