AUA on advised platforms set to double by 2023 - the lang cat

Platforms have seen assets rise by a compound annual growth rate of 19% over the past six years, the guide said. Forecasting forward, the lang cat reckoned assets under administration would double again on advised platforms, shooting up from £400bn to £818bn by 2023. Under a more bullish scenario, the consultant predicted assets would rise to £971bn by 2023, while its bear case for the market saw it looking after £626bn in five years' time. Advisers aware of but not complying with PROD - the lang cat "We think 2018 was the biggest year in platforms since RDR," said the lang cat. "R...