Total platform assets across all platforms fell by 2.66% and advised platform assets also dipped by 2.42% this quarter as compared to the last, according to the lang cat’s latest quarterly Platform Market Scorecard.
Additionally, gross flows across all channels were down by 21.89% while net sales decreased 44.68% in Q1 2022, indicating outflows have risen across the market, according to the lang cat. Fundscape also revealed in its latest Platform Report that platform assets fell by 2.5% to £906.8bn compared to December 2021. In Q1 2022, True Potential was the only platform to record asset growth, it found. The adviser platform channel saw a similar decline with assets shrinking from £581.3bn to £565.7bn, according to Fundscape. The substantial drop inflows against previous quarters was driven by ...
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