Industry news and views from Panacea and our partners.
The Lang Cat
Record gross sales and outflows for advised platforms in Q4 2025
Advised platform AUA grew by 4.12% to £738.63bn, despite outflows hitting record highs amid pre-Budget rumours in Q4 2025.
Paraplanners face aspiration and confidence gap over future career paths
Just over half (51%) of paraplanners want to progress their career within paraplanning. Only 13% see themselves becoming financial advisers/planners down from 24% in 2025.
The Lang Cat: Advised platform outflows fall after two years of increases
Gross sales across advised platforms rose a modest 1.83% on the previous quarter, but total £57.28bn for 2024 YTD, up nearly £10bn on the same period in 2023 (Q3 2023 YTD £47.35bn). Outflows from advised platforms fell in Q3 2024 from £16.30bn in Q2 2024 to £16.19bn (-0.64%), halting eight quarters of consecutive rises. With gross sales up and outflows down, net sales are £3.10bn, a 17.04% increase on the previous quarter and 70.03% on the previous year.