Better business: Skandia's Mike Barrett dissects the final platform rules

After plenty of speculation, the FCA platform paper was finally released at the end of April. Following the fanfare about who guessed the content correctly, it was generally decided there were not too many surprises. Now that rules are decided, providers and advisers can focus on being compliant by 2014. However, the paper has thrown up some interesting issues, which I believe are hugely significant for advisers in the run up to 2014. Due diligence Firstly, the bar has been raised with regards to an adviser’s platform due diligence requirements. Two new rules will form part of the C...