Provider-owned platforms are dodging vital issues - Nucleus IFA

Moore, the Central Investment Services IFA, says the persistent focus by some platform providers on IFA wrap ownership is designed to take attention away from the pricing issues which have a potentially damaging impact on clients. Nucleus IFAs are calling on all advisers to seek clarity from provider platforms on issues such as the disclosure of fund management rebates to clients, interest earned from cash deposits relative to the interest paid to investors and the free movement of assets between platforms. “The debate around equity ownership indicates to me that some providers still pr...