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

Platform functionality: Beware change for change's sake

Platform functionality: Beware change for change's sake

'It's all too easy to end up in the realm of bolt-ons and fripperies'

Steve Andrews
clock 26 June 2026 • 4 min read
Vanguard UK Platform Awards – Last day to vote

Vanguard UK Platform Awards – Last day to vote

Last chance to vote across several categories

Clive Waller
clock 26 June 2026 • 1 min read
Most advice firms only 'somewhat satisfied' with platforms' data

Most advice firms only 'somewhat satisfied' with platforms' data

According to NextWealth’s Data Openness Report 2026

Sophia Panayi
clock 18 June 2026 • 2 min read