Cofunds has become the UK's first platform to pass £50bn of assets under administration (AUA).
The platform, whose AUA stood at £48bn at the end of 2012, surpassed the £50bn mark at the end of January, according to data from Fundscape. It also topped the list for asset growth, gross and net sales for the year.
Assets rose £3bn in Q4 from £45bn to £48bn, a rise of 6% and "a big jump for a big platform", said Fundscape managing director Bella Caridade-Ferreira.
"I would expect that pace of growth to keep going," she said. "Cofunds have a lot of unwrapped business in their numbers, and a lot of self-invested personal pension providers that use their Funds Inside service. Pension business would have been a key factor as well."
Across the industry, new assets registered on platforms totalled £40bn, an increase of 23% on 2011.
Platform assets doubling to £428bn by 2017 from the current total of £214bn was "a realistic scenario", she said, with optimistic estimates some £200bn higher at £626bn.
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