Platform flows hit record highs in Q4 ahead of pensions freedoms

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...