Big Three keep stranglehold on platform market

clock •

Smaller platforms face a "long, hard slog" to get "anywhere near" the top three players who continue to dominate the market, says The Platforum.

Figures published by the platform consultancy reveal Skandia, Fidelity FundsNetwork and Cofunds held 72% of platform assets at the end of 2010. "We don't see the momentum that some of the smaller platforms like to talk about and it is going to be a long, hard slog to get anywhere near these guys," says managing director Holly Mackay. However, the figures also show the big three held a larger market share in December 2009 of 78%. This subsequently dipped to 72% in the third quarter of 2010 where it remained until the end of the year. Although the big three continue to dominate in as...

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

Big players give The Platforms Association's transfer charter a miss

Big players give The Platforms Association's transfer charter a miss

AJ Bell and Parmenion choose not to sign up

Sophia Panayi
clock 25 September 2026 • 2 min read
Most platforms sign up to transfer charter

Most platforms sign up to transfer charter

Signatories include Benchmark, Fidelity International and Quilter

Sophia Panayi
clock 17 September 2026 • 3 min read
Will the incoming stocks and shares ISA cash interest levy impact platforms?

Will the incoming stocks and shares ISA cash interest levy impact platforms?

Proposed regulations yet to clarify what is an ‘acceptable’ cash holding

Sophia Panayi
clock 15 September 2026 • 5 min read