View more on these topics

‘Platforms will hold £256bn by 2010’

Assets held on platforms will grow to £256bn by 2010, according to Adnitor.

During a panel debate held at the Sage conference in Alicante last week, Adnitor told advisers it is convinced that the platform market has enormous potential.

Assets of £35bn were held on platforms in the UK last year, with a predicted growth curve that will take assets to £256bn by 2010 at the current rate of uptake. Adnitor said this is around 14 per cent of all invested assets in the UK.

Chief executive Karen Forrest said when platforms were first used by UK advisers, re-registration of assets took between four and six weeks but the process now takes an average of between four and eight days. With even more streamlined processes expected, this should encourage advisers to use platforms more.

She said £86bn is expected to be held on platforms by the end of 2007, growing to £127bn in 2008 and £185bn in 2009.

Forrest said: “It is mainly pension business that seems to be dominating the market. There is a huge opportunity for advisers to be embracing platforms. This is set to be 14 per cent of all available assets and that number is growing.”


First recruits for Towry Law

Towry Law has welcomed the first intake of professionals into its wealth adviser development programme.The participants have begun studying for the CII’s certificate in financial planning, which is to be achieved over the next three months through Towry Law’s masters programme.Towry Law says the scheme aims to diversify the recruitment of wealth advisers away from […]

Defaqto brews up a special blend

Financial services research group Defaqto has changed the schedule of its quarterly multi-manager guide, Blending Talents, so that the first issue of 2008 will be in time for the Isa season.The fourth Blending Talents was published in September but the fifth issue has been brought forward to mid-November rather than December. This change allows the […]

Premiums set to rise amid tax crackdown on insurers

Protection experts are concerned that removing tax relief on reinsured business could see insurance premiums jump by 3 to 4 per cent.The proposals outlined in the pre-Budget report aim to close a tax loophole for insurers but could have serious implications for consumers.Insurers currently receive tax relief on expenses they incur in respect of reinsured […]

What if scenario

How the ‘what if’ business development tool can aid advisers

The Merchants Trust PLC – April 2017

Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review The Merchants Trust reported results this month and the directors were pleased to announce a 35th consecutive year of dividend growth (subject to shareholder approval at the AGM). The Company is proud to be highlighted as […]


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