Pensions dominate sales as platforms attract £55bn in 2017

It said almost two-thirds (63%) of industry net flows went into pension and self-invested personal pension (SIPP) wrappers, despite only accounting for one-third (33%) of existing platform assets. ISAs contributed to 15% of 2017 net sales. Total assets on platforms across advised, D2C and corporate and institutional now sit at around £590bn, according to Fundscape, while about £350m of retail advised assets now sit on platforms, plus £113m in corporate or institutional and £125m in D2C platforms. It said gross sales in Q4 were almost £33bn, which is the second best quarter on record. ...