FundsNetwork closes gap to Skandia on platform leaderboard

Cofunds topped the table - put together by The Platforum - with £52.28bn of assets, but FundsNetwork, on £43.59bn, looks set to bypass Skandia by the end of the year if current flows continue (see table). Together, the three old fund supermarkets accounted for £11bn of new business in the first quarter of 2013, as assets held on advised platforms topped £244bn, up 9%. "We've seen some impressive growth across the board this quarter in terms of AUA, so it would seem wrong to suggest that platforms that rely on IFAs are struggling to build assets in the short-term," said Freddie Findlat...