Platform sales plummet in Q3 despite Brexit market boost

Latest Fundscape Platform Report

Jayna Rana
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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