Platform rules: A tale of FSA U-turns

PLATFORMS

clock

Today's platform paper has been a long time in the making. Here's our timeline of how we got here...

June 2007 Following the launch of the Retail Distribution Review (RDR) by Sir Callum McCarthy in 2006, the Financial Services Authority (FSA) publishes its first discussion paper on platforms - ‘Platforms: the use of wraps and fund supermarkets' (DP 07/2). "The industry has recorded significant growth in the adoption and use of wraps and fund supermarkets by intermediaries," the paper began. "At present, our handbook does not contain any references to platforms, but our initial analysis suggests that specific rules and guidance may not be needed." March 2010 Three years later, ...

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

Aberdeen's Kenny: 'We are not just going to switch Elevate off'

Aberdeen's Kenny: 'We are not just going to switch Elevate off'

Admits adviser communication on Elevate has been lacking

Jenna Brown
clock 10 June 2025 • 4 min read
Schroders UK Platform Awards 2025: Entry closing date fast approaching!

Schroders UK Platform Awards 2025: Entry closing date fast approaching!

Shortlists will be published in early July

Professional Adviser
clock 05 June 2025 • 1 min read
Parmenion group operating profit rises to £17.5m in 2024

Parmenion group operating profit rises to £17.5m in 2024

Platform’s flows doubled during the 12 months to 31 December

Jenna Brown
clock 03 June 2025 • 2 min read