RDR: Platform changes needed

With the release of the 'Platforms: the role of wraps and fund supermarkets' discussion paper at today’s Retail Distribution Review, the FSA says it wants to ensure platforms benefit consumers – and that regulation does not act as a barrier to growth, competition and innovation in the market. Used by intermediaries and sometimes consumers directly, Platforms allow investment portfolios to be administered online. The tools provide data on overall asset allocation and risk exposure. The paper looks at the structure and the roles and responsibilities of the platform market – how regu...