7IM platform net sales hit £540m amid 'major transformation'

The platform also saw its gross sales surpass £1bn in Q2 for the second time (following Q4 2024). This represents a 43% increase since Q1 2024, resulting in an 18% increase in assets under management to £17.4bn. 7IM's outflows fell by 21% compared to the previous quarter. The platform noted that as the "major transformation programme" gathers pace, it recently launched automated pension transfers, a next generation online reporting suite for advisers and a shift to a cloud-based system. Following Ontario Teachers' Pension Plan completing its acquisition of a major stake in the firm in...