Adviser platform net sales hit £3.1bn despite spike in lump sum withdrawals

Assets rose to £683bn in best third quarter in three years

Isabel Baxter
clock • 4 min read

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 ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Clive Waller on platforms sector change and a new sponsor for the Vanguard UK Platform Awards

Clive Waller on platforms sector change and a new sponsor for the Vanguard UK Platform Awards

The Vanguard UK Platform Awards in association with The Platforms Association

Clive Waller
clock 04 March 2026 • 2 min read
Vanguard to sponsor UK Platform Awards

Vanguard to sponsor UK Platform Awards

Professional Adviser continues as media partner

Professional Adviser
clock 04 March 2026 • 1 min read
Perspectives on platforms and progress – past, present and future

Perspectives on platforms and progress – past, present and future

'Platform providers need as much input as they can get if they want to stay ahead of the curve'

Steve Andrews
clock 19 February 2026 • 4 min read