Damaging platform feuds must stop - Elevate

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New AXA Elevate wrap chief Paul McMahon has hit out at the recent public feuding between platform providers, saying the 'tit for tat' bickering is damaging the industry.

Elevate, which officially launched last week, has called on wraps and platforms to focus more on improving overall services for IFAs and clients, rather than "scoring points" against other players. McMahon said while competition was good for the industry, he believed too much time and energy was being spent on highlighting the minor differences between propositions. The hottest industry debate over the last few months has surrounded re-registration - with Skandia, Cofunds and FundsNetwork coming under widespread criticism for restricted transfer policies. Skandia recently hit back at ...

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