// Press Releases

14 May 2020 THE CALM BEFORE THE STORM – Platform press release Q120

A high viral load sent stock markets around the world into shock in March. As a result, there was a collective contraction in platform assets of £78bn to £633bn, an 11% drop, although this was considerably better than the ~ 25% fall suffered by stock markets worldwide. Download the full press release here.
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16 Mar 2020 Leading platforms in 2019

This is the second press release on the platform industry in 2019. The February press release covered platform industry highlights for 2019. this press release is about individual platform performance. Download the full press release here.
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24 Feb 2020 Winning fund groups in 2019

The Brexit brouhaha, geopolitical concerns and the Woodford fallout all conspired to make 2019 a tough year for fund groups. Thankfully it ended on a high with sales surging in December after the government’s election victory and the end of political uncertainty. As a result, gross fund sales via platforms in the last quarter rose to £34bn and net sales £9bn, bringing yearly totals to £112bn and £36bn respectively. Download the full press release here.
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12 Feb 2020 PLATFORM INDUSTRY HIGHLIGHTS 2019

The PLATORM INDUSTRY is in extended lockdown as several public limited companies will be reporting their full-year results between now and 17th March 2020. We’re unable to provide individual platform data until the last PLC has reported its results. As a result, this is the first of two press releases for Q419 /2019 platform data.
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13 Nov 2019 Platform sales slump in summer of uncertainty

Stock markets yoyoed and closed the third quarterly in roughly the same place as they started thanks to geopolitical concerns at home and abroad. In the UK, the third quarter kicked off with the appointment of hardline Brexiteer, Boris Johnson, as party leader and Prime Minister. His pledge to leave the EU on 31 October provoked fears of a no‐deal Brexit. At the same time, the global economy was beginning to slow and the US-China trade war added to uncertainty.
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18 Aug 2019 When the going gets tough… Platform industry stats Q219

Against a backdrop of Brexit uncertainty, UK investors were ultra‐cautious in the second quarter. Gross sales totalled £29.6bn but net new platform business of £6.6bn was the lowest total seen since the fourth quarter of  2012. As a reminder, this was when RDR was about to be unleashed on the UK and the advice and platform industry had their heads down and working hard to get ready.
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31 May 2019 Altus and Fundscape join forces

Technology supplier, Altus, and research house, Fundscape, have formed a strategic partnership to develop new solutions and products for the financial services industry. The joint venture will combine rigorous systems engineering with in-depth industry expertise to deliver innovative, market-leading services.

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13 May 2019 Poor start to 2019 for platforms

THERE MAY BE PROBLEMS AHEAD… By the end of March 2019, stock markets had recovered from the severe whipping they’d received in the last quarter of 2018. All major markets were home to stellar growth, with even the FTSE All Share rising by 8.3% despite Brexit concerns. The upturn pushed UK platform assets up 7.3% to £637bn, a vast improvement on Q418, but only £4bn higher than Q318’s closing balance of £633bn. Hargreaves Lansdown, D2C platform and the UK’s largest distributor, moved into pole position as the UK’s largest investment platform.
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19 Mar 2019 Brexit, brinkmanship and pensions

It’s been a tough year for fund groups and platforms alike with Brexit and other worries cooling the markets. Initially, platforms were cushioned from the worst by ongoing DB transfer business, but by the second half of the year that business was also drying up. Year-on-year asset growth was a meagre 4%, while gross and net sales have plummeted. The economics are relatively unchanged, but investors have been spooked by Brexit and US-China trade wars. For full press release click here.
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13 Feb 2019 Platform industry highlights 2018

The PLATFORM INDUSTRY is in extended lockdown phase as several companies will be reporting their full-year results between now and 15th March 2019. We’re unable to provide individual platform data until the last PLC has reported its results to the stock market. As a result, this is the first of two press releases for Q418/2018 platform data.
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