Fundscape: 'Bloodletting experience' to come for platforms in 2020

Results for 2019

Sophie King
clock • 2 min read

Last year was tough for platforms and now it seems 2020 is set to be even tougher as Fundscape has published its latest report for 2019.

According to the consultancy firm, geopolitical uncertainty, Brexit and a defined benefit (DB) transfer pipeline that tricked to a halt made 2019 a tough year for the sector. Despite this, annual asset growth was at 19% or £112bn, four times higher than the £30bn achieved in 2018. Fundscape said this upturn of assets was largely the result of increased asset values. Some platforms delivered above-average growth for the year, with True Potential showing a growth rate of 35%. Aviva followed in second with 28.4% and the Aegon Retirement Choices platform came in a close third at 28.2%. At...

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

Platform due diligence: A comprehensive approach

Platform due diligence: A comprehensive approach

Due diligence is more than best practice it is ‘fundamental'

Stephen Ford
clock 18 November 2024 • 4 min read
Adviser platform net sales hit £3.1bn despite spike in lump sum withdrawals

Adviser platform net sales hit £3.1bn despite spike in lump sum withdrawals

Assets rose to £683bn in best third quarter in three years

Isabel Baxter
clock 15 November 2024 • 4 min read
Schroders UK Platform Awards 2024: Full list of winners revealed!

Schroders UK Platform Awards 2024: Full list of winners revealed!

See who took home a trophy at last night’s ceremony in London

Professional Adviser
clock 25 September 2024 • 1 min read