View more on these topics

Platform assets grow by 9% in Q1

Fund research house Fundscape has revealed platform assets under administration grew by 9 per cent during the first quarter of the year to £189 billion.

According to research, gross platform sales rose by 26 per cent to £11.9bn compared with the final quarter of 2011.

Net sales meanwhile grew by 37 per cent, compared with the prior quarter, to £5.6bn.

A number of plaforms saw double digit growth during the first quarter, including Ascentric and Axa Elevate, both surpassing £4 billion in AUA. Skandia saw assets increase by 5.5 per cent to more than £40bn.

Fundscape director Bella Caridade-Ferreira says: “Gross flows fell to their lowest level in the last quarter of 2011, but as we predicted, it was no more than a blip and sales have bounced back to their former levels.

“Net flows are slightly under par, but that’s to be expected in the current environment. Some profit-taking was likely and the ISA season had a slow start.”

According to Caridade-Ferreira, Cofunds was the highest ranked platform by both net and gross sales.



FoF and ethical fund sales fall as trackers win inflows

Net tracker fund sales reached record highs in the opening quarter of the year, although funds of funds and ethical funds witnessed a fall in popularity. According to the Investment Management Association, net retail sales of trackers amounted to £661m – up from £528m one year earlier and the highest seen by the association since […]

Pru sees UK business fall but boosted by M&G

Prudential has seen new business profit in the UK fall 5 per cent in the first three months of the year to £62m compared to £65m for the same period last year. However across the group investment net inflows have grown 12 per cent from £1.8bn to £2.1bn, led by Pru’s asset management arm M&G. […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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