Platform market 'buoyant despite regulatory and market challenges'

The consultancy found total platform assets under management - including advised and direct-to-consumer - increased 7.1% year-on-year in the first quarter of 2018 to £494bn, while the advised platform market grew 12% to £371bn over the same period. This is despite gross pension inflows on platforms dropping 16% from 2017 Q4 to 2018 Q1 and an overall drop of 5% in total sales across all investment wrappers. The lang cat said the drop in pension flows could be the early signs of the end of the pension transfer "boom". Why platforms should fear a future of easier switching "Despite we...