Financial Planners are no longer using cost as the main factor when selecting platforms, according to evidence in the latest Platform Report in the current Financial Planning Today magazine.

The latest report from platform and fund research house Fundscape has revealed that passive funds were the clear winners in 2019 fund sales in a tough year for many groups.

Technology firm Altus and fund researchers Fundscape have formed a ‘strategic partnership’ to develop new products and services for the financial services sector.

The platform sector saw continued rapid growth in the second quarter thanks to inflows from Pension Freedom business and ISA sales, according to analysts.