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Vanguard’s Europe boss eyes pension switches to boost UK platform

The US asset manager expects new client numbers for its UK platform to hit 125,000 this year, a sign it is starting to nip at the heels of some larger rivals

By David Ricketts
Vanguard, which unveiled its UK direct-to-consumer platform to fanfare in 2017, has since amassed £13.6bn of assets and attracted 455,000 clients
Vanguard, which unveiled its UK direct-to-consumer platform to fanfare in 2017, has since amassed £13.6bn of assets and attracted 455,000 clients Photo: Rafael Henrique/Getty Images

Asset management giant Vanguard is eyeing pension switches as the next big opportunity for its UK investment platform amid a bumper year for growth.

“One of the big opportunities for us is pension consolidation,” Vanguard's managing director for Europe Sean Hagerty told Financial News, referring to when investors bring several savings pots together in one place.

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