Dawn of a new decade for platforms?

Hugo Thorman, managing director of Ascentric, examines the issue of disclosing costs post-RDR.

clock

Hugo Thorman, managing director of Ascentric, examines the issue of disclosing costs post-RDR.

The past decade, and past few years in particular, have seen dramatic change in retail financial services in the UK. The next 10 years are likely to see both an extension of some of those changes, but also, as ever, some new, and by definition unexpected, ‘discontinuities’. Both will have an impact on organisations, customers and employees. The recently published FSA Papers, PS10/6 on RDR and DP10/2 on platforms especially, have reconfirmed the direction the industry will have to take. There remain detractors, but their arguments are sounding increasingly hollow as it becomes clearer tha...

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 Wrap/platforms

What golf's distance problem can tell us about the future of platforms

What golf's distance problem can tell us about the future of platforms

'We can't hope to fulfil our potential by standing still'

Steve Andrews
clock 22 April 2026 • 4 min read
Advisers predict platform consolidation amid competition concerns

Advisers predict platform consolidation amid competition concerns

Research from Scottish Widows

Jenna Brown
clock 20 April 2026 • 3 min read
Aberdeen Adviser takes control of Wrap client servicing from FNZ

Aberdeen Adviser takes control of Wrap client servicing from FNZ

Part of simplified operating model

Jenna Brown
clock 14 April 2026 • 2 min read