Change brings opportunities for platforms

Judging by the level of migration of assets onto platforms in recent years and the spiralling number of platforms and products offered on platforms, then they must be said to be in rude health. Open, or unbundled, wrap platforms in particular have positioned themselves as the lightning rods for the changes which the Retail Distribution Review (RDR) is forcing on the industry. Reluctant ‘semi-bundled' life office platforms and previously fully bundled fund supermarkets, as well as many advisory firms, are being dragged kicking and screaming into the RDR-branded light. The fact that...