Platform assets look set to reach £1.4 trillion by 2022 through a combination of regulatory, political and economic factors, Fundscape has predicted in its quarterly platform report.
Fundscape chief executive Bella Caridade-Ferreira (pictured) said she expected the market to hit the £1.4tn figure in five years' time as platforms "evolve considerably as delivery and investment solutions become more tightly integrated". Looking at 2017 alone, AJ Bell has so far seen the biggest proportional growth in assets - up by 25% (£6.3bn) this calendar year. This compares with 15.8% (£7bn) growth for Standard Life, 14% for Old Mutual (£6.2bn) and 17.3% (£12bn) for Hargeaves Lansdown's D2C-focused platform. Aegon's ARC platform continued to top net sales in the third quarter, a...
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