Platforms may struggle into 2024, says Fundscape CEO
As the research house finds only four platforms grew their assets in 2022
Fundscape
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Platform assets plunge as UK teeters towards recession
Providers set to move ‘into markets they’ve not been in before to help alleviate the pressure’
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Hargreaves Lansdown sees booming sales as investors splash the cash in Q1
Gross and net platform sales double from the previous quarter to reach record highs
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AJ Bell tops league tables amid ‘worrying’ quarter for platforms
‘The last time net sales were this low, advisers and platforms were distracted by and bogged down in RDR preparation’
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Advisers urged to look beyond headline cost as MPS price war intensifies
‘Everyone is muscling in on the action’ but don’t be lured in by the cheapest providers
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Hargreaves Lansdown dominates flows as platform industry rakes in £13bn
Net sales soar to the highest level since Q1 2018 despite coronavirus volatility
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Platform ‘bloodletting’ set to be ‘many times worse’ in 2020 from coronavirus hit
2019 net sales of £29.7bn were the worst in six years
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Hargreaves set to dominate flows tables in worst quarter since RDR
‘2019 will be one of the worst years on record’
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Fundscape nabs Aviva veteran ahead of intermediary push
Research house plans additional publications for advisers and platforms in 2019
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Platform sales drop 22% on Brexit uncertainty
Transact and AJ Bell buck trend with growth in Q3
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Platform assets to nearly triple in five years
After hitting £560bn in the third quarter of 2017, Fundscape forecasts that assets held on fund platforms could surge to £1.4trn by 2022.
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PA ANALYSIS: Are platforms facing an ‘existential crisis’?
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”?