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

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