Platform sales plummet in Q3 despite Brexit market boost

Latest Fundscape Platform Report

Jayna Rana
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Platform sales plummet in Q3 despite Brexit market boost

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...

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