Platform market 'buoyant despite regulatory and market challenges'

Advised platform assets up 12% year-on-year

Tom Ellis
clock • 1 min read

Ongoing regulatory and market volatility challenges have proved no barrier to the continuing healthy growth of the UK platform market, according to the lang cat.

The consultancy found total platform assets under management - including advised and direct-to-consumer - increased 7.1% year-on-year in the first quarter of 2018 to £494bn, while the advised platform market grew 12% to £371bn over the same period. This is despite gross pension inflows on platforms dropping 16% from 2017 Q4 to 2018 Q1 and an overall drop of 5% in total sales across all investment wrappers. The lang cat said the drop in pension flows could be the early signs of the end of the pension transfer "boom". Why platforms should fear a future of easier switching "Despite we...

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

Will IFA-owned platforms take over the financial advice sector?

Will IFA-owned platforms take over the financial advice sector?

PA talks to industry experts on the future of adviser-owned platforms

Sahar Nazir
clock 27 March 2024 • 9 min read
CGT support from platforms now 'adviser must have'

CGT support from platforms now 'adviser must have'

Shrinking personal allowances dragging more investors into CGT net

Jenna Brown
clock 27 March 2024 • 2 min read
Aviva named the preferred platform provider by advisers

Aviva named the preferred platform provider by advisers

Quilter remains in second place followed by AJ Bell and Transact

Isabel Baxter
clock 04 March 2024 • 1 min read