Due diligence: Is your platform fit for the new retirement market?

Zurich's head of platform strategy gives due diligence tips to advisers

Nicola Brittain
clock • 3 min read

Pension freedom means platforms need to make income available on request but not all of them can. Here, Alistair Wilson gives advisers wanting a retirement-ready platform a few useful pointers...

Many providers have been slow to adapt to the demands of the new retirement market which, as more and more clients enter drawdown, pose an ever increasing risk to advisers. With platforms offering many different degrees of income functionality, advisers should consider reviewing this aspect of their platform due diligence. So what should they be thinking about? Here are some pointers.   1) Withdrawal limits It's important to review the platform's policy and governance procedures and check they are fit for today's market. Some platforms impose withdrawal limits, which may restrict...

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

AJ Bell platform adds DFM comparison tools from Mabel

AJ Bell platform adds DFM comparison tools from Mabel

Partnership follows other recent launches

Jen Frost
clock 30 September 2025 • 2 min read
Professional Adviser TV: Does the platform market need to evolve?

Professional Adviser TV: Does the platform market need to evolve?

Technology ‘core’ to improvement but takes time

Professional Adviser
clock 26 September 2025 • 1 min read
Platform innovation: Terry Huddart on Intelliflo's Wealthlink

Platform innovation: Terry Huddart on Intelliflo's Wealthlink

The tie-up 'could potentially change the game'

Terry Huddart
clock 23 September 2025 • 5 min read