'90% of platform assets subject to disruption' - the lang cat

'2017 was a success and massively difficult'

Approximately 90% of the £519bn of advised assets held on platforms are subject to disruption by a major business event such as re-platforming, flotation or sale of a "significant element of the business", according to the lang cat.

The consultancy's latest scorecard said the disruption had not affected sales growth, however, with what it calculated to be record growth inflows of £20.3bn across the sector in 2017 Q4. Looking at 2017 as a whole, the lang cat said gross inflows amounted to £75bn, while net flows were at a "healthy" £42bn. It added the "net inflow winners" were Standard Life Wrap and Elevate, which had inflows of about £7bn in 2017, while Aviva's platform took in £5.8bn. AJ Bell, Old Mutual Wealth (OMW) and Transact were also "notable on the net flow front". What are the real costs of holding inv...