The end of fund bias? Welcome to the new world for platforms

It wasn't to be known at the time, but Sir Callum McCarthy's speech at Gleneagles in 2006, when he launched the Retail Distribution Review (RDR), wasn't only a watershed moment for financial advisers. Emerging technology that was helping to make advisers', and investors', lives immeasurably simpler was also in line for an overhaul. Fund supermarkets, and later wraps, would be affected too: for, if the RDR was chiefly designed to remove bias from the advised process, platforms were always going to be part of the project. From 6 April this year, all platform services must be paid for...