AIFA unveils free platforms due-diligence guide

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AIFA today launches a platforms guide to help members conduct "robust" due diligence on wraps and platforms.

The free 'Platforms and your business' document has been designed to help advisers take a "more informed approach" to the adoption of platforms and wraps. Produced in partnership with Standard Life and drawn together by a practitioner steering group, the report provides step-by-step guidance on how to select the right provider for clients. It will provide IFA firms with a "breakwater" to guard against future regulatory requirements, AIFA says. Bath-based IFA Money Wise was today fined almost £20,000 by the FSA for compliance failings on investment advice given to 519 customers usi...

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