07 Feb A stellar year for the D2C industry
Posted at 12:48h
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Budgets and politics may have disrupted the fourth quarter, but it was nonetheless a strong...
Archive
16 Nov Q323 – worst net platform flows on Fundscape records
Posted at 08:00h
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Global stock markets were down, but UK stock markets were up in the third quarter. The net effect was that platform assets flatlined with a tiny 0.2% rise to £906bn. The UK economy also flatlined in the third quarter, narrowly avoiding a recession as high interest rates and inflation weighed on consumer confidence and households struggled with living costs. Gross sales were stable at £32.7bn, but uncertainty, lower disposable incomes and the siren call of cash and gilts, resulted in substantial outflows. Net flows plummeted to just £2.3bn — the worst quarterly net sales on Fundscape’s records —resulting in a net-to-gross sales ratio of just 7%. Seven!
13 May Fund platforms: Competition to get on to platforms is fierce
Posted at 09:00h
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The fund platform market in the UK has seen major changes since the Retail Distribution...
12 May Brexit uncertainty negatively impacting UK platforms
Posted at 14:41h
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The prospect of a British exit from the European Union prompted an exodus of UK...
25 Feb A nova face da industria de fundos do Reino Unido (in Portuguese)
Posted at 11:15h
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Dois anos após a implementação da RDR no país, a indústria vai de vento em...
23 Sep Positive engagement essential for RDR-Like regulation success
Posted at 10:51h
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Regulators and the industry need to work together to ensure clients of all sizes can...
09 Nov A difficult third quarter for platforms
Posted at 10:31h
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Overall platform assets declined by 2.3% to £163.9bn in the third quarter as the eurozone crisis took its toll. However Axa Elevate, Nucleus and Ascentric bucked the trend.
Despite the summer of discontent, gross sales rose by 1.4% to £12.5bn relative to the previous quarter, but net flows were down slightly (-0.7%) to £7.5bn. Sales would have been a damp squib were it not for Cofunds with gross flows of £4.6bn and net flows of £3.3bn.
09 Nov Sales plummet in summer of uncertainty, but M&G still tops
Posted at 10:21h
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Fundscape's latest Pridham Report (Q3) showed that sales plummeted over the third quarter. Most asset managers saw their business decline, but some did well in key fund areas. M&G retained top position in the retail sales chart for a recordbreaking 12th quarter as its bond funds returned to favour again.
Click here to read the full press release.
19 May Quarterly Pridham Report results out now!
Posted at 07:02h
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The latest (Q1) issue of Fundscape's confidential Pridham Report has just been released. M&G was the top group for net retail sales for the tenth consecutive quarter. Click here to view the press release.