Editor's View: It's just not going all that well for platforms

The editor's Friday Night Takeaway from 9 February

Hope Coumbe
clock • 1 min read

It’s just not going all that well for platforms. We’ve known it for awhile, though new figures from The Lang Cat in our top story this week continue to paint a bad picture.

Advised platforms experienced highest ever outflows last year, with nearly £15bn taken off platforms in the last 12 weeks of 2023 alone. No matter where something sits in the financial food chain, the ongoing effects of an unstable global economy will continue to be felt. With elections in both the UK and US this year, not to mention everywhere else in the world, it's near impossible to predict how markets will look a year or two from now. Comforting? Not comforting? Hard to say.  Elsewhere, failed self-invested personal pension provider Rowanmoor is back on the agenda this week with The...

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