Zurich UK platform assets near £7bn in Q3

clock

Zurich's UK platform assets had grown to £6.97bn by the end of the third quarter.

This latest figure - which does not include legacy assets - reflects an increase in AUA of £2.35bn since the start of 2013. The platform currently has more than 1,500 clean share classes and approximately 25% of assets are now going into clean funds. By the end of the third quarter, over 400 adviser firms had placed assets on the retail platform. Zurich UK chief executive Gary Shaughnessy said the figures indicate Zurich is on course to be the most successful adviser platform launch ever in its first year of trading. Shaughnessy said: "On the retail side, we think this will be t...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Quilter reports platform net inflows of £1bn in first quarter

Quilter reports platform net inflows of £1bn in first quarter

Ongoing adviser charging review to start shortly after FCA talks

Jenna Brown
clock 24 April 2024 • 2 min read
Will IFA-owned platforms take over the financial advice sector?

Will IFA-owned platforms take over the financial advice sector?

PA talks to industry experts on the future of adviser-owned platforms

Sahar Nazir
clock 27 March 2024 • 9 min read
CGT support from platforms now 'adviser must have'

CGT support from platforms now 'adviser must have'

Shrinking personal allowances dragging more investors into CGT net

Jenna Brown
clock 27 March 2024 • 2 min read