The number of intermediaries placing all their business on platforms in first-quarter 2013 rose 25% compared with fourth-quarter 2012, according to research released today.
The research from intermediary database, MyTouchstone, indicated that 333 intermediaries put all their business on platform in the fourth quarter 2012 rising 25% to 416 in the first quarter of this year. In total. new platform business was worth £5.2bn in the first quarter 2013 compared with £4.9bn in fourth quarter 2012. Off platform new business via intermediaries was worth £12bn in the first quarter 2013, a total of 70% of the intermediary market, down from £13.7bn in the fourth quarter 2012. The number of intermediaries placing all their business off platform in the first quart...
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