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 as Money Marketing reports.
In its latest State of the Platform Nation report, which covers 19 advised platforms, the top six ‘players’ in terms of assets under management (AUM) – were Quilter, Abrdn, Transact, AJ Bell, Fidelity and Aviva. They commanded 60% of gross flows over the two years to the end of 2023.
The consultancy says it may get increasingly difficult to break into the top ranks in something of an echo of the Premier League. Some advisers, are of course, constructing thei own. Perhaps that will be an emerging divide.
Writing in Money Marketing, Darius McDermott, managing director of FundCalibre and Chelsea Financial Services unpacks ESG’s challenges, controversies and opportunities.
Chancery Lane founder Doug Brodie, writing in Professional Adviser, gives his view on why the 4% rule is inappropriate for the UK market. Interesting given all the discussion of retirement income in regulatory circles.
FTAdviser’s Long Read is on the Woodford scandal and the role of ACD. (Always think this is difficult without a supercomputer and a time machine due to the number of what ifs that can see investors, large and small, bolt.)
A PI insurer writes that the FCA doesn’t need new ‘name and shame’ powers to stop next BSPS in New Model Adviser.
Jonathan Newell, CEO of professional indemnity insurer BareRock, says the regulator already has the power to step in early.
