Advised platform assets jump to £616bn as bond sales rise
Up by 12.5% in the last quarter of 2024
The Lang Cat
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The Lang Cat rolls out platform switching tool
Assists in demonstrating fair value and client suitability
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Analysis: Will 2025 be a gamechanger for financial advice and AI?
Although current use remains piecemeal, there are a range of products emerging that could have a huge impact on productivity levels
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Close to all advisers forced to apologise for poor platform service
Parmenion’s 2024 ‘The Impact of Poor Platform Service’, reveals worsening service
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Quilter tops lang cat’s advised platform sales chart as industry outflows rise
Total outflows up 30.4% year on year
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One year of Consumer Duty: Industry grapples with advice gap amid added requirements
Research from the lang cat and Octopus Money shows move away from smaller clients
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Six advised platforms grab 60% of new business – Lang Cat
Gap between the largest platforms and their smaller rivals is growing
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The Lang Cat: Advised platforms suffer record outflows in 2023
Outflows increased by 36.3% compared to 2022
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Polluter pays framework ‘counterproductive’- Industry reacts to FCA proposals
As personal investment firms will be expected to set aside capital to cover compensation costs
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91% of advisers say poor platform service impacts their day-to-day work
With one adviser stating they are ‘sick of useless service and systems’
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Advised platform outflows reach record high
Contributing to hardly any asset growth for advised platforms
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Advisers switching fee structures in reaction to Consumer Duty fair value
With 3% of firms still in noncompliance