Net platform sales fell to their lowest levels since RDR in Q3 at £8.6bn, as the UK's uncertain outlook "made investors extremely cautious", according to the latest Fundscape Platform Report.
Despite a rise in UK platform industry assets by 9% over the period to £469bn, sales were weak in the third quarter. Gross sales fell to £21bn, or their lowest volume since Q3 2014, while net sales...
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.
