Adviser platform gross flows hit £20.7bn high but net flows fall

The research house attributed this to the "allure" of cash and annuities, coupled with higher living costs, which continue to drive outflows up and net flows down. It found that there was an "alarmingly" low net-to-gross ratio of just 13.5% in adviser platforms. Fundscape noted that advisers' focus on Consumer Duty also contributed to the slower pace of activity.  In terms of all-platform sales, gross flows increased to £40.7bn, up 7.5% against Q1 and the best since Q4 2021. However, while net flows were up by 11.4% to £7.8bn, they failed to keep pace with gross. Source: Fundsca...