James Hay Partnership, a UK-based platform for retirement wealth planning, has reported a 60% year-on-year increase in net inflows in the third quarter.
For the past 12 months ended 30 September 2014, net flows totaled £1.02bn, a 133% increase on the previous 12 months.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Assets under administration at platform and self-invested personal pension (SIPP) provider James Hay hit £16bn in the third quarter of the year.
In addition, James Hay Partnership intends the momentum in Q3 to continue into Q4 and grow in Q1, when the new pension flexibility rules enter into force.
Alastair Conway, CEO of James Hay, said: "Clients and their advisers are also benefiting from our investment in technology, with over 40% of new applications now being made fully online with eSignatures.
"Q4 is already emulating the strong growth of Q3 and I expect that to continue right through to year end and ramp up still further in Q1 and beyond when the new pension rules come into effect and clients take full advantage of increased NISA limits as part of a comprehensive retirement planning package," he added.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
