Independence: Have you got it right on platforms?

Independence: Have you got it right on platforms?

clock

As the FCA refocuses its attention on the requirements of independent advice, Rebecca Jones reveals how to select an adequate platform strategy for your business...

The use of platforms, while helping to streamline and simplify processes, can also be a headache for independent financial advisers. This is not least because the regulator has made it clear that independent advisers should be using more than one platform, meaning the use of these vehicles can add numerous layers of due diligence, as well as inflating operating and training costs. Just recently, in its first part of stage two of its thematic work into the Retail Distribution Review (RDR), the regulator reminded advisers that, in order to remain independent, platforms need to be used w...

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

Poor platform service 'significantly' affects 54% of advisers

Poor platform service 'significantly' affects 54% of advisers

Exclusive: Down from 80% the previous year

Jenna Brown
clock 02 December 2025 • 2 min read
Mark Sanderson: Getting to the point of platforms

Mark Sanderson: Getting to the point of platforms

'Platforms are there to serve investors'

Mark Sanderson
clock 28 November 2025 • 4 min read
How is tech changing platform asset migration?

How is tech changing platform asset migration?

'Every transfer should be compliant, transparent, and in the client's best interest'

Tom Mullaly
clock 17 November 2025 • 4 min read