Platform asset growth continues but outflows 'hit new highs'

All channel and advised quarterly growth figures of 10.41% and 11.75% are largely due to Nucleus combined reporting of numbers of James Hay and Nucleus platforms and adding the Curtis Banks book, The Lang Cat noted. Like-for-like comparisons would show all channel and advised quarterly growth of 4.68% and 4.38% respectively.  Gross sales in the advised channel were the fifth highest on record. Numbers like these have not been seen since the height of defined benefit transfer activity in 2017 and 2018 and the record-breaking year of 2021, The Lang Cat noted, where pent up cash from the...