Platform flows have plunged amid a third-quarter meltdown as the cost of living crisis, rampant inflation, the uncertain economic outlook and political instability together negatively impacted investor confidence, research from Fundscape has shown.
Good morning and welcome to your Morning Briefing for Thursday 10 November 2022. To get this in your inbox every morning click here. Harriet Baldwin The deputy speaker has announced that MP Harriet Baldwin has been elected chair of the Treasury Select Committee. She replaces Mel Stride, who stepped down when he
Platform net sales fell to its lowest level in over a decade as the sector reacts to the fallout of the mini-Budget in September. Net sales for the period were just £4.4bn while gross sales fell to £26bn, according to the latest Fundscape platform report.
Good morning and welcome to your Morning Briefing for Thursday 11 August 2022. To get this in your inbox every morning click here. Platform assets fall Platform assets continue to fall as billions of pounds have been wiped off its market value since the end of a bumper 2021. Total platform assets fell by 6.62% in the
Platform assets continue to fall as billions are wiped off market value since the end of a bumper 2021. Total platform assets fell by 6.62% in the first quarter of this year and advised assets only just performed slightly better (-6.08%).