Better Business: How can you select the right platform?

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With the number of platforms increasing and competition intensifying, advisers need to take more time selecting the right platform for their clients, writes Skandia's Jeremy Mugridge.

The amount of business advisers are placing on platforms is growing rapidly, and the number of platforms is increasing in line with this demand. These two factors combined raise the importance of platform due diligence. A few years ago the use of platforms was limited to ISAs or unwrapped unit trusts and OEICs. However, most platforms now offer a full range of product wrappers including pensions and bonds. As a result platforms are fast becoming a fundamental part of advisers’ businesses and it is increasingly important for advisers to select the right platform or panel of platforms for ...

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