19 Mar Was platform dominance broken in 2018?
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2018 was a tough year for the adviser platform sector as a whole but, amid...
Archive
03 Dec Fundscape hires Aviva’s Gavin Fielding for editorial director role
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09 Mar Pensions push platforms to record highs in 2014
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Geopolitical clouds gathered for the fund industry in the second half of the year, but platforms weathered the storm thanks in particular to robust pension product flows. As a result, platform flows rose to record highs in the fourth quarter, with gross sales totalling £22bn and net sales coming in at just over £12bn.
According to the Fundscape Platform Report, it was a remarkable year for the industry. Platform assets rose by £50bn to reach £343.7bn at the end of the year, a growth rate of 17% that overshadowed the FTSE 100’s -2.7% for the same period. Pension freedom and the ongoing demand for income were the two main factors that drove flows and worked in the industry’s favour. Gross sales for the year rose by 21% to £82bn from £68bn in 2013, while net sales were up by 16% to £42bn from £36bn in 2013.
25 Feb A nova face da industria de fundos do Reino Unido (in Portuguese)
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Dois anos após a implementação da RDR no país, a indústria vai de vento em...
23 Feb The UK fund business becomes Europe’s biggest
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The UK's funds industry stands is now the largest in Europe and is set to...
12 Nov Isas boost Q3 platform activity: Fundscape
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The increased Isa allowance announced in this year’s Budget boosted transactions made through platforms in...
10 Nov The Platform AUA jumps by almost £10bn in Q3
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Platforms saw the rate of assets under administration (AUA) growth jump by almost a fifth...
22 Nov Vertical integration
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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).
12 Nov Wrap new business doubles supermarkets for first time
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With wrap net sales accounting for 30.6% of total net sales compared to fund platforms...