Wraps outgrowing supermarkets in platform league table

Data from Fundscape's quarterly platform report saw Cofunds jump ahead of Skandia, with growth of 4% boosting assets under administration to £40.7bn. It also topped the gross and net sales charts for the 13th consecutive quarter. But the most interesting trend was growth among wraps, said director Bella Caridade-Ferreira. "The transition to a fee-based model is driving adviser firms to wraps' doors," she said. "As a result, the wrap cohort is outperforming traditional fund platforms in growth terms." Wraps were also a dominant presence in the net sales tables with Standard Life and...