View more on these topics

Mackay: Platforms set for business surge post RDR

MACKAY.jpg

The Platforum managing director Holly Mackay has predicted that platform assets will increase significantly in the six months after the RDR is implemented.

Mackay says that while total assets under administration continue to grow by between five and 10 per cent per quarter currently, after 2013 a larger number of advisers will place more assets on platform.

She says: “As advisers make the change to a new model, I think we will see greater growth in the platform market. There are still an awful lot of advisers out there yet to place investments on platform and while the amount of assets being placed on platforms is growing steadily, I think that growth will increase significantly in the first six months of 2013.”

Total on-platform assets are currently at around £170bn and Mackay predicts this figure will surpass £200bn by January 1, 2013.

Avalon director Harry Kerr says: “I see the assets on-platform continuing to grow at the same rate after the RDR as they are now. I do not think there will be a great acceleration just because the RDR deadline has passed.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com