With the number of propositions soaring and the FSA issuing strict guidance, advisers need to carry out careful due diligence when picking the right platform for clients, writes Skandia's Jeremy Mugridge.
Fuelled by regulation and competition, momentum in the platform sector is building which is in turn leading to increasing scrutiny of platforms and how advisers are using them. With a growing number of platforms in the marketplace, advisers are now faced with having to compare more platforms than ever when conducting due diligence. We know almost all advisers (95%) are using platforms and the amount of business advisers are placing on platforms is growing and so it is vitally important they choose the most suitable platform for each client segment and are able to justify their decisions ...
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