Despite the spike in demand for lump sum withdrawals from pensions pre-Autumn Budget, advice platform net sales rose marginally to £3.1bn, Fundscape has revealed.
Latest performance data published by the research house today (15 November) showed that adviser platform assets rose to £683bn. Back in February, Fundscape estimated that advised platform assets are expected to reach £655bn in 2024, so today's figure was £28bn higher than expected. Cash and annuities continue to compete with investments, but there are signs that the wall of cash that has built over the last few years is finally starting to be invested, Fundscape said. Top platforms For the second consecutive quarter, Quilter, Aviva and Transact topped the tables ...
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