Independence: Have you got it right on platforms?

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...