Platforms should come under the same whole of market regulatory scope as investment products post-RDR, according to advisers.
Over half (54%) of 226 IFA surveyed by Scottish Widows in December think the FSA should adopt a level-playing field approach to industry regulation. This would include the same focus on transparency for platforms as areas such as adviser charging. Those polled think advisers should offer more than one platform in order to provide a truly independent service. A third of intermediaries using platforms (31%) currently use two, with 28% using three or more and a further 31% using just one platform. "It is clear from the research advisers agree there is a need to retain optionality and not...
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