Platforms may struggle into 2024, says Fundscape CEO
As the research house finds only four platforms grew their assets in 2022
As the research house finds only four platforms grew their assets in 2022
Providers set to move ‘into markets they’ve not been in before to help alleviate the pressure’
Gross and net platform sales double from the previous quarter to reach record highs
‘The last time net sales were this low, advisers and platforms were distracted by and bogged down in RDR preparation’
‘Everyone is muscling in on the action’ but don’t be lured in by the cheapest providers
Net sales soar to the highest level since Q1 2018 despite coronavirus volatility
2019 net sales of £29.7bn were the worst in six years
‘2019 will be one of the worst years on record’
Research house plans additional publications for advisers and platforms in 2019
Transact and AJ Bell buck trend with growth in Q3
After hitting £560bn in the third quarter of 2017, Fundscape forecasts that assets held on fund platforms could surge to £1.4trn by 2022.
As certain platform businesses boomed in Q1 with year-on-year sales over 30% higher, others posted huge losses, begging the question: are they facing an “existential crisis”?