Advisers call for RDR spotlight on platforms

clock

Platforms should come under the same whole of market regulatory scope as investment products post-RDR, according to advisers.

Over half (54%) of 226 IFA surveyed by Scottish Widows in December think the FSA should adopt a level-playing field approach to industry regulation. This would include the same focus on transparency for platforms as areas such as adviser charging. Those polled think advisers should offer more than one platform in order to provide a truly independent service. A third of intermediaries using platforms (31%) currently use two, with 28% using three or more and a further 31% using just one platform. "It is clear from the research advisers agree there is a need to retain optionality and not...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Platform service improvement: Why the industry needs a collective voice

Platform service improvement: Why the industry needs a collective voice

'As long as transparency is voluntary, it will remain selective'

Steve Nelson
clock 06 January 2026 • 4 min read
7IM's Lancaster: 2026 the year the transformation 'rubber hits the road'

7IM's Lancaster: 2026 the year the transformation 'rubber hits the road'

MD updates on programme and developments

Jen Frost
clock 06 January 2026 • 5 min read
Platforms have claimed their place at the core of investing

Platforms have claimed their place at the core of investing

'Platforms have been firmly in the middle of this proliferation'

Mark Sanderson
clock 05 January 2026 • 4 min read