Transparency key to platform regulation, FSA told

The trade body for the asset management industry says this will help advisers and their clients make better informed decisions on which platform, if any, to use. The IMA adds the type of service provided by the platform - whether it is purely administrative or goes beyond this - should determine the level of regulation required as well as how the platform charges. It says a purely administrative platform will act as an agent with open architecture and transparent charges. Other types of platforms or 'wrap' account services will have different features, such as a limited fund choice or...