Platform sales lowest in three years
Reduction in DB transfer flows leads to drop in sales
Bella Caridade-Ferreira: "Investors are sheltering their hard-earned cash from uncertainty."
Evaporating defined benefit (DB) transfers and high political uncertainty have made 2019 one of the worst years on record for platform sales, consultancy Fundscape's third quarter results show.
Platform industry assets saw a 2.5% increase to £691.3bn, despite stock markets flatlining during this period, but sales played a small part in asset growth. Gross platform sales totalled £27.4bn, the...
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