Platforms' AUA exceed £500bn after bumper Q1 - the lang cat

Strong performance

Jenna Brown
clock • 2 min read
Mark Polson: "The sector will certainly be hoping that the good times are here to stay and while Q2 might not hit the same heights, there were signs of an acceleration even pre-Covid, so we're feeling bullish about the year ahead as we move past the pandemic."
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Mark Polson: "The sector will certainly be hoping that the good times are here to stay and while Q2 might not hit the same heights, there were signs of an acceleration even pre-Covid, so we're feeling bullish about the year ahead as we move past the pandemic."

Advised assets under management in the platform sector surpassed £500bn for the first time during Q1 this year, ending at £514bn - an increase of 30% on the same period in 2020, figures from the lang cat reveal.

The consultancy said the platform sector had not seen flows this high since the defined benefit (DB) and pension freedom boom in 2018. Figures were up 4% on Q4 last year, it added. But it also said...

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