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A high viral load sent stock markets around the world into shock in March. As a result, there was a collective contraction in platform assets of £78bn to £633bn, an 11% drop, although this was considerably better than the ~ 25% fall suffered by stock markets worldwide.

The PLATORM INDUSTRY is in extended lockdown as several public limited companies will be reporting their full-year results between now and 17th March 2020. We’re unable to provide individual platform data until the last PLC has reported its results. As a result, this is the first of two press releases for Q419 /2019 platform data.

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.

Fundscape is pleased to announce the appointment of Gavin Fielding as Editorial Director as of November 2018. Gavin (Gav) joins Fundscape after a 27-year career at Aviva where he developed, researched and wrote about investments. His last position was that of Investment Research Manager for the Strategic Partnership division. Gavin will continue to be based in York and will be Fundscape’s representative in the North.