14 May Robust platform flows in Q126 despite turmoil
Posted at 10:00h
in
The first quarter, and the run-up to tax year-end, usually sets the tone for the...
Archive
29 Jan The platform industry in 2024
Posted at 17:01h
in
Normal service was resumed in Q424 after the doom-laden media frenzy of Q324, which led...
21 May Who wants to be an Isa millionaire?
Posted at 23:07h
in
The key to financial success is to ensure your money is working as hard as...
21 Mar Experts reveal where they will invest
Posted at 15:35h
in
A fund manager, a wealth adviser, a research guru and a billionaire investor walk into...
10 Mar Hargreaves and Cofunds top platform sales in 2016
Posted at 10:48h
in
Cofunds – now part of Aegon – topped the gross sales table with £7bn in the...
10 Feb Vanishing cash: Have pensions raked in ISA outflows?
Posted at 10:00h
in
Money held in stocks and shares Isas “left the system” in 2016 as investors chose...
12 May Brexit uncertainty negatively impacting UK platforms
Posted at 14:41h
in
The prospect of a British exit from the European Union prompted an exodus of UK...
10 May A rocky start to the year for the platform industry as brexit fears bite – Q116 Platform press release
Posted at 08:30h
in
Download press release here.
Chinese concerns and Brexit fears spooked the stock markets and sent retail investors scurrying for cover in the first quarter. Stock markets have since been home to a modest recovery, but with the Brexit referendum approaching fast, investors are putting some investments on hold.
According to the Fundscape Platform Report, despite volatile markets and stock market growth of 1% in the first three months of the year, platform assets under administration rose by 3% (£13bn) to £415bn. Gross platform sales in Q1 totalled £21.2bn, marginally higher than sales in Q415, but down 7% on the first quarter of 2015. With investors running scared, the net sales total slipped below £10bn (£9.4bn) for the first time since Q314.
09 Jun Time poor? Get your second quarter insights
Posted at 08:00h
in
Download the Q115 60 second reviews - view the Platform industry review and fund industry review.
12 Nov Isas boost Q3 platform activity: Fundscape
Posted at 14:21h
in
The increased Isa allowance announced in this year’s Budget boosted transactions made through platforms in...
10 Nov Summer slows the pace of platform sales – third quarter 2014
Posted at 11:39h
in
New style ISAs, pension reform and an improving UK economy set the scene for a good start to the third quarter of the year for platforms. July was a bumper month, but the summer holiday season, growing economic uncertainty and the Scottish vote eventually took their toll on the quarter’s flows.
Total platform assets under administration rose by £9.7bn to £326.4bn, a rise of 3.2% on the previous quarter, but 19.3% on the third quarter of 2013. Gross sales for the first three months of the year totalled £19.4bn, up 13.6% on like-for-like sales in 2013, but down on last quarter’s £21.2bn. It was the same for net sales, which rose by 3.9% to £9.4bn relative to the third quarter of 2013, but were down 15% quarter on quarter.
Click here to read the rest of the press release.