FSA questions advisers' motives towards wrap

Speaking at the PIMA conference last week, Bruce Robson, manager of the asset management sector team at the FSA, said there is a growing excitement about platforms in the industry and he recognised their potential for supporting providers and distributors’ businesses. But, he adds: “Platforms, or some forms of them, could be an excuse for searching out new, short-term sources of funding, without any consideration for how they are going to build value into their business in the longer term.” Robson says some firms see platforms as a way of taking more commission without offering addition...