The latest platform report put together by research house Fundscape has shown the Aegon and Fidelity platforms performed best in gross sales terms during a tough year for the industry.
With investor sentiment battered by inflation, rate rises, higher taxes, energy price spikes and the war in Ukraine, platforms have felt the squeeze. "All this means customers and new flows are hard to come by and business levels are down," Fundscape stated. "Stock market volatility meant most platforms closed the year with lower assets than they started with." While all industry players felt the pain to some degree, the Aegon and Fidelity platforms, which support adviser, workplace and D2C propositions, wrote the most gross business in the final quarter and 2022 as a whole, Fundscape...
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