Archive
20 Aug Sluggish ISA sales and soft Q218 for platforms
Posted at 07:00h
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After significant falls in Q1, stock markets began to level out at the end of March... just in time for the last two weeks of the ISA season. By the close of Q218, the UK stock market had recovered most of its lost ground, with the FTSE 100 and FTSE All Share rebounding by 8% and performing better than most major stock markets in Q2.
13 Nov Platform assets to hit £1.4trn by 2022
Posted at 07:45h
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After an ISA-fuelled first half of the year, platform activity in the third quarter was more muted. The summer season is traditionally quieter and political and economic uncertainty was on the rise. However, the steady flow of pension money meant that platform business remained strong. Stock markets flat-lined in the quarter, but platform assets increased by £19bn (3.6%) to £560bn, nonetheless.
14 Aug Platforms go from strength to strength
Posted at 09:05h
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Q217 Fundscape Platform Press Release
Download press release here. 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.
12 May Record-breaking start to the year for platforms
Posted at 11:45h
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It was a cracking start to the year for the platforms industry with several new highs. Assets under administration rose by £31bn (6%) to £520bn, smashing through the £500bn ceiling, while gross and net sales set new records of £29bn and £13.3bn respectively. This was in marked contrast to the start of 2016 when economic factors and Brexit fears led investors to stay away from investments.
10 Mar Hargreaves and Cofunds top platform sales in 2016
Posted at 10:48h
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Cofunds – now part of Aegon – topped the gross sales table with £7bn in the...
10 Mar UK platform industry ends year on a high
Posted at 10:34h
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Download this press release here.
In a year overshadowed by political uncertainty, it is no surprise that investors sat on the side-lines waiting for the storm clouds to clear. But after three quarters of sluggish activity, sentiment improved and net sales rose to £10.5bn in the fourth quarter, the highest since Q415. However, it was not enough to correct the balance — annual net sales of £38bn were down 16% on the £45bn in 2015 and few platforms were able to improve on their 2015 figures.
29 Nov 60 second reviews of the third quarter
Posted at 08:00h
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Relax and look well-informed with our timely and relevant 60-second reviews. Click on platforms or funds to download.
16 Nov Platform sales plummet to lowest point since RDR – Fundscape
Posted at 10:40h
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Fund platform sales in the third quarter fell flat, despite decent asset growth among the...
16 Nov Aegon leads platform chart while industry sales slump
Posted at 10:23h
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Net sales across UK platforms have fallen 10% from the previous quarter to £8.6 billion,...
16 Nov Press release – Platform sales plummet in third quarter of 2016
Posted at 08:00h
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Download the full press release here.
Following the EU referendum, the FTSE 100 and the FTSE All-Share indices rocketed by 6% and 7% in the third quarter of the year, on top of the growth already experienced in late June. Against this backdrop, according to the Fundscape Platform Report, platform assets rose 9% from £432bn to £469bn by end September 2016. Since the start of the year, UK platform industry assets have increased by £67bn, an increase of 17%.