12 Feb Platform industry net sales figure ‘worst since 2013’
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The platform industry saw net sales of £29.7bn in 2019 – the “worst” net sales...
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13 Nov Platform sales slump in summer of uncertainty
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Stock markets yoyoed and closed the third quarterly in roughly the same place as they started thanks to geopolitical concerns at home and abroad. In the UK, the third quarter kicked off with the appointment of hardline Brexiteer, Boris Johnson, as party leader and Prime Minister.
21 Oct Possibility of platform acquisitions
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James Hay keeps an eye on the platform market in case a firm that complements...
17 Oct Platforms still haunted by replatforming gripes
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Cofunds and Ascentric are still experiencing high levels of complaints after their replatforming exercises. ...
13 May Poor start to 2019 for platforms
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THERE MAY BE PROBLEMS AHEAD…
By the end of March 2019, stock markets had recovered from the severe whipping they’d received in the last quarter of 2018. All major markets were home to stellar growth, with even the FTSE All Share rising by 8.3% despite Brexit concerns. The upturn pushed UK platform assets up 7.3% to £637bn, a vast improvement on Q418, but only £4bn higher than Q318’s closing balance of £633bn. Hargreaves Lansdown, D2C platform and the UK’s largest distributor, moved into pole position as the UK’s largest investment platform.
18 Apr Guide to platforms
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Platforms have become an integral part of many an adviser's working life, and the industry...
04 Apr Platforms adding needless tools in ‘paranoid’ bid for survival
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Experts claim platforms are “running scared” and creating investment research tools that advisers do not...
02 Apr Nucleus profits jump in tough year
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Wrap platform provider Nucleus adjusted profits before tax jumped 32.8% to £7.7m in its annual...
19 Mar Brexit, brinkmanship and pensions
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It’s been a tough year for fund groups and platforms alike with Brexit and other worries cooling the markets. Initially, platforms were cushioned from the worst by ongoing DB transfer business, but by the second half of the year that business was also drying up. Year-on-year asset growth was a meagre 4%, while gross and net sales have plummeted. The economics are relatively unchanged, but investors have been spooked by Brexit and US-China trade wars.
For full press release click here.
21 Feb Exit charge calculator for platforms
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Advisers and investors are often fed up with the platforms they use and would like to switch to a new provider, but a major deterrent is the exit fees that some platforms charge.
14 Feb DB transfer flows camouflage
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Defined benefit (DB) transfers helped cushion investment platforms from the worst in 2018, according to...
13 Feb Platform industry highlights 2018
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The PLATFORM INDUSTRY is in extended lockdown phase as several companies will be reporting their full-year results between now and 15th March 2019. We’re unable to provide individual platform data until the last PLC has reported its results to the stock market. As a result, this is the first of two press releases for Q418/2018 platform data.