Platform net sales drop as worst results since 2013 revealed

Tough year for platforms

Sophie King
clock • 1 min read

Platform net sales for last year amounted to only £29.7bn, as 2019 marked the worst net sales figure recorded since 2013, according to consultancy Fundscape.

More generally, last year's sales figure dropped by 34% since 2018 and by almost 50% (47%) since 2017. As a result of poor net sales showing, Fundscape has said, the net sales ratio - which used to hover around 50% - has decreased to 25.6%. However, Fundscape did find the year ended "on a high" as net sales made rose to more than £8bn, an increase the consultancy said was down to the general election results on 12 December. Elsewhere, in Q4 of 2019, assets under administration (AUA) rose by 3% to £713.1bn and annual asset growth for 2019 came to £112bn, a 19% increase. This figure ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Platforms

Platforms prioritising growth but process efficiency 'must come first'

Platforms prioritising growth but process efficiency 'must come first'

‘Growth without operational readiness carries risk'

Isabel Baxter
clock 29 May 2025 • 2 min read
Adviser platform satisfaction high but call for greater integration

Adviser platform satisfaction high but call for greater integration

Platforms can also add value with third-party solutions, advisers say

Isabel Baxter
clock 20 May 2025 • 2 min read
Schroders UK Platform Awards 2025: Voting now open

Schroders UK Platform Awards 2025: Voting now open

Vote for your favourite platforms and fund research tools

Professional Adviser
clock 06 May 2025 • 1 min read