Pension switch principles should apply to platforms, says Skandia

According to the group, the principles of the report - which says advisers must assess a customer's attitude to risk and personal circumstances and explain and justify additional costs - should apply to all forms of investment switching activity. The company says these principles are very relevant for the platform market where advisers are considering moving client assets from a fund platform to a full wrap proposition. "There is a lot of focus on the Retail Distribution Implementation Programme and how the FSA believes this will improve standards within the industry," says Peter Jordan...