Platform flows hit record highs in Q4 ahead of pensions freedoms

Anna Fedorova
clock • 1 min read

Platform inflows reached record highs in the fourth quarter of 2014 as upcoming pension freedoms and demand for income boosted inflows, according to Fundscape.

Gross flows stood at a record £22bn in Q4 while net flows hit some £12bn, the Fundscape Platform Report found. Over the course of the year, platforms saw £42bn in net sales, a 16% increase on the previous year The strong flows pushed up total assets by £50bn to £343.7bn at the end of the year, a 17% growth rate, and the report suggested much of this money went into pension products. Of the largest platforms in the UK market, Fidelity stood out with net inflows up 200% to £6.6bn. Much of this activity was pension-driven, the report said. Standard Life led the retail advisory mark...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Platforms

Retail access to crypto ETFs to face Consumer Duty hurdles even if 'unlikely' UK approval granted

Retail access to crypto ETFs to face Consumer Duty hurdles even if 'unlikely' UK approval granted

Platform concerns over investor protections

Valeria Martinez
clock 17 January 2024 • 3 min read
FCA raises alarm on platforms' handling of customer cash interest

FCA raises alarm on platforms' handling of customer cash interest

Cracks down on ‘double dipping’

Sahar Nazir
clock 12 December 2023 • 1 min read
LTAFs elude retail investors as platforms shun Innovative Finance ISA

LTAFs elude retail investors as platforms shun Innovative Finance ISA

Following Autumn Statement plans

Cristian Angeloni
clock 07 December 2023 • 3 min read
Trustpilot