IFAs are still struggling to obtain necessary charging information from platform providers despite numerous assurances from the industry, Defaqto says.
Coinciding with the FSA’s platform discussion paper feedback, Defaqto says its recent Adviser Platforms 2008 report shows some IFAs have major concerns over the cost, complexity and training issues with many propositions. Defaqto believes many advisers are simply not aware of the functions or available products on platforms, while many feel these solutions are too expensive. Matt Ward, Defaqto’s pensions and wealth management principal consultant, says more work needs to be done getting the ‘platform message’ to IFAs. “Advisers need to be in a position to compare and contrast proposit...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
