Assets held on platforms grew 6.5% to £865.8bn in the three months to June as net sales broke through £17bn for the first time, according to data released today.

Transact has kept its spot as top adviser platform in terms of net sales in 2020, according to data from platform and fund research house Fundscape.

New direct investment by consumers fuelled a surge in net ISA sales in 2020 to £5.6bn - up 77.3% on 2019’s £3.2bn, according to a new report.

The investment platform industry saw assets jump by 14% in the second quarter of 2020, recovering most of the ground lost in Q1, according to a new report.