Wealth managers bear RDR gloom to post record growth

clock • 3 min read

Total assets in UK wealth management reached a record high of £527bn in Q4 last year, despite fears regulation would dampen inflows and put pressure on costs.

Flows into UK wealth managers are up 9% year-on-year and 3% from the previous quarter, according to a Q4 report by research firm ComPeer. The data suggests the Retail Distribution Review (RDR) has not so far had a detrimental effect on growth in the industry, which has outpaced that of several major markets. "A pick-up in the markets contributed to growth in underlying assets. However, with the 3.1% increase in assets outstripping the 1.6% increase in the FTSE APCIMS Balanced index, further inflows of assets into the sector are suggested," said ComPeer's senior analyst James Brown. ...

To continue reading this article...

Join Professional Adviser

  • 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.



Already a Professional Adviser member?


More on RDR

RDR ten years on: An advice industry changed for the better

RDR ten years on: An advice industry changed for the better

'The end of the advice industry as we know it'

Kevin Silvester
clock 08 February 2023 • 2 min read