12 May Direct platforms deliver Tour de Force in Q125
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It was a stuttering start to the year as markets navigated geopolitical tensions and mixed...
Archive
27 Feb Quilter, Aviva and Transact lead adviser platform sales in 2024
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27 Feb Top 5 advice platforms take all the net flow
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Having published our headline platform figures for 2024 and our five-year platform forecasts for 2024...
07 Feb A stellar year for the D2C industry
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Budgets and politics may have disrupted the fourth quarter, but it was nonetheless a strong...
15 Nov A pre-budget flurry of platform activity in Q324
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The third quarter kicked off with a new Labour government and cautious optimism at its...
22 Aug Platforms in the second quarter: the gross flow is willing but the net is weak
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Stock markets continued to climb in the second quarter, with the FTSE All World growing...
21 Aug Why Fidelity’s £29m Bravura software tie-up is a big deal for advisers
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07 Mar Markets give platforms a reprieve in 2023
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We published our headline platform figures for 2023 in early February. Today we publish stats...
16 Nov Q323 – worst net platform flows on Fundscape records
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Global stock markets were down, but UK stock markets were up in the third quarter. The net effect was that platform assets flatlined with a tiny 0.2% rise to £906bn. The UK economy also flatlined in the third quarter, narrowly avoiding a recession as high interest rates and inflation weighed on consumer confidence and households struggled with living costs. Gross sales were stable at £32.7bn, but uncertainty, lower disposable incomes and the siren call of cash and gilts, resulted in substantial outflows. Net flows plummeted to just £2.3bn — the worst quarterly net sales on Fundscape’s records —resulting in a net-to-gross sales ratio of just 7%. Seven!
17 Aug Lowest sales in 13 years for the platform industry
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As the tax-year-end approached, platform activity warmed up and there were high hopes that the momentum would carry through into the second quarter and beyond. Unfortunately, that was not the case. The second quarter of the year spectacularly failed to deliver on the sales front, but stock-market performance gave platform assets a reprieve (and therefore revenues). The FTSE All-World Index was up 3.2% for the quarter, although the FTSE 100 fell by 1.3%. As a result, platform assets were back over the £900bn* mark for the first time since the fourth quarter of 2021 (when we were still feeling optimistic about the future).