Exit charge calculator

21 Feb 2019 Exit charge calculator for platforms

Advisers and investors are often fed up with the platforms they use and would like to switch to a new provider, but a major deterrent is the exit fees that some platforms charge. Along with the time it takes to make a switch, this can stop investors from ever making the change. It’s a point of concern for the Financial Conduct Authority (FCA), which raised exit fees in its Investment Platform Market Study. For the first time, comparetheplatform.com enables investors to get real-time insight into the cost of switching platforms. It has launched an exit charge calculator to help advisers and investors understand

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Investment Platform report highlights for 2018

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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02 Dec 2018 FUNDSCAPE APPOINTS GAVIN FIELDING AS EDITORIAL DIRECTOR

Fundscape is pleased to announce the appointment of Gavin Fielding as Editorial Director as of November 2018. Gavin (Gav) joins Fundscape after a 27-year career at Aviva where he developed, researched and wrote about investments. His last position was that of Investment Research Manager for the Strategic Partnership division. Gavin will continue to be based in York and will be Fundscape’s representative in the North.

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22 Nov 2018 Vertical integration

Last week we published the quarterly Platform Report, which attracted much attention.  Total industry assets now stand at £267bn, and although it was the quietest quarter of the year, gross and net flows were pretty robust at £17bn and £8.9bn.  (Download press release here and 60-second reviews here).

Market sentiment is driving sales, which is good for the platform industry, but RDR has also been a boon for platforms.  The Distribution report is due out early next week, but we can reveal that platform market share jumped yet again and now stands at over 51% — a significant change considering their market share of 41% in Q4 2012.

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12 Nov 2018 BREXIT WEIGHS ON INVESTOR SENTIMENT IN THIRD QUARTER

In July the UK government finally agreed an exit strategy with the EU and the outlook began to look rosier. But as the quarter wore on, resignations and vocal criticism abounded dampening investor sentiment and sending stock markets into the red — the FTSE 100 and the FTSE All Share indices fell by 1.8% in the quarter.  Download the release here

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09 Nov 2018 RDR is an increasing distraction…

The third quarter of 2012 served up mixed fortunes for the fund industry.  Poor investor sentiment in the early summer contributed to lower sales and led to a dismal August with the lowest net retail sales since October 2008. Flows improved in September on the back of rising stock markets but fund managers report an increasingly distracted adviser community as the RDR deadline approaches.  To read the rest of this press release, click here.

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07 Nov 2018 A sizzling summer for the platform industry – third quarter update

The summer period is usually one of the quieter quarters of the year, but an improving economic outlook and the ongoing effect of the Retail Distribution Review (RDR) led to a bumper quarter for platforms. Total platform assets under administration were £267bn, up 7% in the second quarter, and comfortably ahead of FTSE All-Share growth of 5%.

The largest platforms by assets under administration are Cofunds, Fidelity and Hargreaves Lansdown*. In terms of percentage growth, however, the fastest growing platforms in the third quarter were Nucleus with the growth of 8.8%, Ascentric with the growth of 8.7% and in joint third place, Axa Elevate and Cofunds with the growth of 8.5%.

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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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15 Aug 2018 Rollercoast ride for platforms in Q2 2012

Stock markets were up and down like a rollercoaster in the second quarter and platform industry assets lost ground, falling -0.3% to £189bn. But despite the volatility, according to Fundscape’s confidential Platform Report gross sales for the second quarter were up by 1.3% on the previous quarter to £12.2bn, while net sales rose 5% to £6.2bn. To see the rest of this press release click here.

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15 Aug 2018 Head winds get stronger for fund managers in Q2 2012

The usual flurry of ISA business at the beginning of the tax year gave fund sales a welcome boost in the second quarter. Net retail sales reached their highest level for a year. Managers with the right sort of funds benefitted. Meanwhile the trend towards more investment outsourcing by financial advisers continued. To see the rest of this press release click here.

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05 Jun 2018 Fee fi fo fum, RDR has finally come

With stock markets soaring and the ISA season in full swing, there were reasons to expect a bullish start to the year. However, austerity measures and advisers getting used to life under RDR put a brake on flows. According to the quarterly Distribution Report, gross sales across the fund distribution universe were £28.2bn in the first quarter of the year, down 2% on the previous quarter. But net sales dropped even more markedly to £3bn, a 34% fall on the previous quarter. ISA sales were particularly disappointing.

Click here to read or download the full press release.

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