Calm down, calm down: Platform row heats up

clock

As supermarkets and wraps engage in ideological warfare ahead of what promises to be a challenging year, Ascentric issues a plea for unity…

Ascentric chief Hugo Thorman recently called on the platform community to adopt a “unified voice” amid an escalating tit-for-tat between the fund supermarket and wrap camps. While wraps have warned their supermarket rivals face a year of reckoning as they look to transition to the unbundled world, supermarkets have hit back with claims the wrap community also faces a number of challenges. But Ascentric managing director Hugo Thorman said the platform community would be better positioned to influence regulatory policy if its members spoke with a collective voice. “I would love to ha...

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

Sector divided on Reeves' pullback on Cash ISA reform

Sector divided on Reeves' pullback on Cash ISA reform

‘A big win for defenders of a broken system’

Sorin Dojan
clock 11 July 2025 • 2 min read
FCA flags progress on internal DEI targets and urges action on Consumer Duty

FCA flags progress on internal DEI targets and urges action on Consumer Duty

According to the FCA report 2024-2025

Sahar Nazir
clock 11 July 2025 • 2 min read
FCA reviewing client categorisation rules to distinguish retail investors from the pack

FCA reviewing client categorisation rules to distinguish retail investors from the pack

Goal of 40 more initiatives to be completed by year end

Eve Maddock-Jones
clock 10 July 2025 • 2 min read