Platforms have adopted a lot of new and unnecessary regulatory processes and need to step back and take a "sense check", according to one wealth planner and chief executive.
Cofunds has reported an annual profit fall of 15% for 2012, despite increasing turnover and assets under administration (AUA).
The trade union which represents Aegon staff has branded the life company's move to cut 160 roles as "devastating".
UK funds blossomed in May as, despite UK sectors seeing outflows, four were placed in the top 20 overall selling funds, according to figures from platform Cofunds.
Zurich has confirmed the full roll out of its retail platform for SimplyBiz, the provider of support services to advisers.
Holly Mackay of Platforum expects to see the greatest growth in the workplace savings market, with platforms becoming ubiquitous over time.
Advisory firms who have achieved excellence in running a platform-enabled business or practice are being invited to submit entries for the prestigious annual Aberdeen UK Platform Awards.