The second quarter of 2021 saw “Olympic-style” growth within the UK platform sector, with platform assets growing by 6.5% to £865.8bn, according to data compiled by Fundscape.
A mixture of pent-up cash and digital wealth demand saw platform assets explode in Q2, following an already successful first quarter that saw platform assets swell £32.8bn, Fundscape said. Of the total new assets found on platforms in Q2, adviser platforms were responsible for a "chunky" 63%, the firm added. Adviser platform assets rose to £545.8bn while gross and net sales totalled £20.9bn and £10.1bn respectively. True Potential rose to the top of the net sales table with £1.4bn for the quarter, with Transact close behind with £1.3bn. Following on from that was Aviva with £1.2bn net...
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