Zurich UK platform assets near £7bn in Q3

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Zurich's UK platform assets hit £6.97bn by the end of the third quarter, the latest numbers have revealed.

The figure - which does not include legacy assets - reflects an increase in AUA of £2.35bn since the start of 2013. The platform currently has more than 1,500 clean share classes and approximately 25% of assets are now going into clean funds. By the end of the third quarter, over 400 adviser firms had placed assets on the retail platform. Zurich UK chief executive Gary Shaughnessy said the figures indicate Zurich is on course to be the most successful adviser platform launch ever in its first year of trading. Shaughnessy said: "On the retail side, we think this will be the most ...

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