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.
For stock market results reasons, we published headline figures only for the PLATORM INDUSTRY in February 2018. Now that all platforms have released their results, we can reveal the leading platforms for 2017.
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Momentum continued to build in the platform industry during the second quarter as pension freedom and ISA business drove investment. Market growth was neutral in the second quarter, but assets under administration rose by £19bn (4%) to £539bn, while gross and net sales again climbed to new highs of £34bn and £14.4bn respectively.
If you need fast facts at your finger tips, you've come to the right place. For fund industry Q2 facts and figures click here. For platform industry highlights click here.
Platform providers have been accused of attempting to secure inflows from advisers.
The March Budget may have helped propel sales on investment platforms to new levels in the second quarter.
Since the birth of UK platforms in the late 1990s we have seen a steady growth in the number of platforms available in the UK.
Despite the pessimism that had permeated the industry before RDR was introduced, 2013 turned out to be an extraordinary year for platforms thanks to the convergence of steadily improving markets, a marked upturn in investor sentiment and the introduction of RDR. The net effect was that platform assets grew by £98bn in 2013, rising from £196bn at the end of 2012 to £294bn in 2013 — a growth rate of 50%.
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