Further consolidation in the direct to consumer platform sector is on the cards as providers struggle to find new business, according to investment consultancy Fundscape.

The latest direct platform data shows that the investment platform market is ripe for consolidation, according to Fundscape.

Platforms endured a difficult first quarter marked by the worst ISA season in 14 years, according to a new report.

Platform and investment analyst Fundscape predicts that 2023 will be another tough year for platforms after a dismal 2022.