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

AJ Bell partners with Woven Advice to streamline platform switching

AJ Bell partners with Woven Advice to streamline platform switching

Woven’s system analyses platform and back-office data

Sahar Nazir
clock 16 September 2025 • 2 min read
Are platform model debates becoming too self-serving?

Are platform model debates becoming too self-serving?

Whoever said platform selection was easy?

Chris Williams
clock 10 September 2025 • 3 min read
FNZ launches adviser-focused AI tool as personalisation demand grows

FNZ launches adviser-focused AI tool as personalisation demand grows

Generative AI solution intended to cut admin time and help advisers meet Consumer Duty standards

Sahar Nazir
clock 19 August 2025 • 2 min read