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Pensions pile on to platforms but outflows hit new highs

Six largest advised platforms take 60% of new business

The six largest advised platforms have taken 60% of overall platform flows over the past two years, new research by the Lang Cat has revealed. In its latest State of the Platform Nation report, which covers 19 advised platforms, it found a clear correlation between platform size and share of new business flows. The

Advised platforms suffer highest ever outflows in 2023

More money was taken out of platforms in 2023 than in any other year as outflows continued to hit record highs each quarter, new research from the Lang Cat reveals. Outflows last year hit £53.18bn - an increase of over a third on 2022’s total of £39.01bn. In the fourth quarter of 2023 alone, outflows stood at

Platform net flow performance plunges to all-time low in Q3

Gross net flows for pure adviser platform propositions plunged to an all-time low in the third quarter of 2023, Fundscape has revealed.

Advised outflows hit all-time high of £14bn

Advised platforms suffered £14bn of outflows in the third quarter of 2023, new data from the Lang Cat has revealed. This is an all-time high and represents a 12% increase on the previous quarter (£12.38bn). Total outflows from advised platforms this year so far amount to £38.1bn compared to £29.2bn for the same