// Press Releases

The Essential Guide to the UK Fund Distribution Landscape

02 Oct 2018 The Essential Guide to the UK Fund Distribution Landscape

The UK fund industry is the largest domestic and most dynamic fund market in Europe with assets of £1.2trn (June 2018). Fund groups from all over the world arrive in the UK to sell their funds, but find it difficult to gain a foothold. On the surface the distribution opportunities seem substantial, but the landscape is complex, multi-layered and advice-driven and fund groups will need multi-channel strategy to succeed.

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Soft ISA sales and sluggish Q218 for platforms

20 Aug 2018 Sluggish ISA sales and soft Q218 for platforms

After significant falls in Q1, stock markets began to level out at the end of March... just in time for the last two weeks of the ISA season. By the close of Q218, the UK stock market had recovered most of its lost ground, with the FTSE 100 and FTSE All Share rebounding by 8% and performing better than most major stock markets in Q2.

On the back of this upturn, platform assets rose by £32bn to £604bn, smashing through the £600bn level for the first time on industry records. Hargreaves Lansdown registered the most growth in cash terms, with assets rising to £92bn. Meanwhile Cofunds’s assets stand at a remarkable £96bn. If markets continue to rise at a similar pace, it should be the first £100bn+ platform in the UK in Q318.

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Snow & shaky stock markets equal slow start to platform year

16 May 2018 Snow & shaky markets equals soft start to year for platforms

Stock markets corrected in the first quarter of the year, leaving the FTSE 100 and All-Share indices down by circa 8%. The beast from the East in March also froze any latent investor interest. As a result, platform assets fell from last quarter’s £592bn to £569bn at end March. However, not all of it was market related. Having sold its workplace platform to Scottish Widows, Zurich’s assets shrank to £8.7bn from its Q417 total of £28.8bn, accounting for the majority of the industry’s fall. On a like‐for‐like basis, Zurich’s assets grew marginally, earning it a place in the top five for the quarter. In Q118 we also welcomed the Hubwise and Embark platforms to the fold, who added c£4bn to industry assets.

Download full Q118 platform press release here.

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Investment platform industry highlights

13 Feb 2018 Platform Industry Highlights 2017

The PLATFORM INDUSTRY is in extended lockdown phase because several platforms will not report their full-year results to the stock market until mid-March, a full month after the usual scheduled publication date of the Fundscape Platform Report. As a result, Fundscape is releasing headline figures and industry highlights for 2017.  The full report will be released in March once all PLC-owned platforms have published their results.

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Platforms to hit £1.4trn by 2022

13 Nov 2017 Platform assets to hit £1.4trn by 2022

After an ISA-fuelled first half of the year, platform activity in the third quarter was more muted. The summer season is traditionally quieter and political and economic uncertainty was on the rise. However, the steady flow of pension money meant that platform business remained strong.  Stock markets flat-lined in the quarter, but platform assets increased by £19bn (3.6%) to £560bn, nonetheless.

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14 Aug 2017 Platforms go from strength to strength

Q217 Fundscape Platform Press Release

Download press release here.

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.

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Gatekeepers 2017 report

10 Jul 2017 BEYOND MS15/2.3 – CHALLENGING THE RESEARCH MARKET

Last year, the Gatekeepers report caused a stir in the industry by being the first to shine a light on potential biases in fund ratings. This year’s edition is bigger, better and bolder with a wealth of practical information to help fund managers navigate this challenging post MS15/2.3 market. As well as re-assessing the gatekeeper market, we’ve taken a closer look at the efficacy of active fund management, sorted the really active wheat from the closet-tracking chaff, and looked at the value chain from a regulatory perspective and the potential for further scrutiny and investigation.

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Record-breaking flows for platforms in Q117

12 May 2017 Record-breaking start to the year for platforms

It was a cracking start to the year for the platforms industry with several new highs. Assets under administration rose by £31bn (6%) to £520bn, smashing through the £500bn ceiling, while gross and net sales set new records of £29bn and £13.3bn respectively. This was in marked contrast to the start of 2016 when economic factors and Brexit fears led investors to stay away from investments.

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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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16 Nov 2016 Press release – Platform sales plummet in third quarter of 2016

Download the full press release here.

Following the EU referendum, the FTSE 100 and the FTSE All-Share indices rocketed by 6% and 7% in the third quarter of the year, on top of the growth already experienced in late June. Against this backdrop, according to the Fundscape Platform Report, platform assets rose 9% from £432bn to £469bn by end September 2016.  Since the start of the year, UK platform industry assets have increased by £67bn, an increase of 17%.

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