Advisers urged to review platform selection to meet client needs

After FCA thematic review highlighted importance of regularly reviewing

Isabel Baxter
clock • 1 min read

Advice firms should consider the different needs of clients in accumulation and retirement as part of their platform selection reviews, according to Copia.

In its Rethinking Retirement: Changing Gear report in conjunction with The Lang Cat, it asked whether firms consider changing platforms as the client transitions from accumulation to retirement, 43% of respondents stated "no". For the rest, it depends on the needs of each client, however, the research found that most firms are selecting platforms at outset that will meet the client needs now and in the future. One respondent said: "Consider, yes. In practice, most are already where they should be in preparation." "It depends where the clients are already - if we have already given ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Retirees shun financial advice and take DIY approach to finances

Retirees shun financial advice and take DIY approach to finances

Four in five of over 55s who have retired, did so without financial advice

Sahar Nazir
clock 29 April 2024 • 1 min read
More than money: Putting your clients on the right track

More than money: Putting your clients on the right track

'In truth, financial advice is so much more than just money'

Roger Brosch
clock 29 April 2024 • 4 min read
Plugging the support gap in retirement 'not FCA's role'

Plugging the support gap in retirement 'not FCA's role'

Majority of professionals say FCA should not have to plug support gap

Sahar Nazir
clock 29 April 2024 • 1 min read