DB transfer flows camouflage tough year for platforms

Accounted for 72% of net sales

Tom Ellis
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Bella Caridade-Ferreira: "Platforms were cushioned from the worst by ongoing DB transfer business but, by the second half of the year, that business was also drying up."
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Bella Caridade-Ferreira: "Platforms were cushioned from the worst by ongoing DB transfer business but, by the second half of the year, that business was also drying up."

Defined benefit (DB) transfers helped cushion investment platforms from the worst in 2018, according to consultancy Fundscape, in what proved a difficult year for the sector.

Pension and self-invested personal pension (SIPP) wrappers now account for some two-fifths (41%) of platform assets, as of the end of 2018, but the more surprising figure sees their share of net sales...

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