Net sales across UK platforms have fallen 10% from the previous quarter to £8.6 billion, according to Fundscape Report.
The March Budget may have helped propel sales on investment platforms to new levels in the second quarter.
The second quarter kicked off with a bang. Stock markets were on the rise and one ISA season was coming to its feverish close while another was just beginning. The UK’s ongoing economic recovery, shock budget announcements and the lead up to the world cup also provided that all-important feel-good factor that helps to drive investment.
Total platform assets under administration rose by £14bn to £317.3bn, a rise of 5% on the previous quarter, while new records were set for sales. Gross sales for the first three months of the year totalled £21.2bn, up 19% on like-for-like sales in 2013, and net sales rose by 21% to £11.0bn.
To download the full press release click here.
Click here for the Pridham press release for the fourth quarter of 2011.
Click here for the Platform press release for the fourth quarter of 2011.
Click here for the Distribution press release for the fourth quarter of 2011.
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