Platform assets look set to reach £1.4trn 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 Hargreaves Lansdown's D2C-focused platform. Aegon's ARC platform continued to top net sales in the third quarter, ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
