Platform chiefs and market watchers are braced for a new round of challenges in 2023, Laura Miller writes…
Everything from technology to regulation to pricing is set to change next year for platforms. So too, many hope, will the direction of assets under management, after steep falls in 2022. This year has been difficult. Many are expecting something similar next year. There are, however, some bright spots on the horizon. Future of AUM A quick but grim recap. Assets under management (AUM) on UK platforms fell in every quarter in 2022, from £890.7bn in Q1, to £838.4bn in Q2, to the latest figures for Q3 showing £825.3bn, according to Fundscape data. In Q3 gross sales fell to £26bn, the lowe...
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