Quilter tops lang cat’s advised platform sales chart as industry outflows rise
Total outflows up 30.4% year on year
Total outflows up 30.4% year on year
Research from the lang cat and Octopus Money shows move away from smaller clients
Gap between the largest platforms and their smaller rivals is growing
Outflows increased by 36.3% compared to 2022
As personal investment firms will be expected to set aside capital to cover compensation costs
With one adviser stating they are ‘sick of useless service and systems’
Contributing to hardly any asset growth for advised platforms
With 3% of firms still in noncompliance
To empower firms to better evidence their individual risk resulting in fair and stable premiums
With 31% not considering home equity at all
As outflows rise to their highest quarterly level
Over a quarter of Brits over 55 said they wouldn’t seek support in lead up to retirement