DB transfer flows camouflage tough year for platforms

Accounted for 72% of net sales

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."
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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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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