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Our sixty-second reviews do exactly what they say on the tin.  Stay on top of things with these two invaluable documents.  To download the fund industry review, click here.  The platform industry review is available here.

Stock markets were up and down like a rollercoaster in the second quarter and platform industry assets lost ground, falling -0.3% to £189bn. But despite the volatility, according to Fundscape’s confidential Platform Report gross sales for the second quarter were up by 1.3% on the previous quarter to £12.2bn, while net sales rose 5% to £6.2bn. To see the rest of this press release click here.

The first quarter of the year was one of mixed results and mixed messages. For some fund managers, it was a good start to the year, but there was evidence of fewer fund managers winning business as investors retreated from riskier assets towards solutions-oriented funds. M&G led the stakes with a record-breaking £3bn+ in gross retail fund flows. Platforms, on the other hand, were more able to recover their equlibrium partly as a result of a rebound in business and partly as a result of the ongoing adviser shift to platforms. Stock-market rises helped to push platform assets up to £189bn and there was a noticeable rise in gross and net flows.