Skandia has launched an online platform due diligence tool allowing advisers to ask providers tailored questions to help with their platform selection process.
The tool, accessed via www.skandiaplatformwatch.co.uk, centres around a bank of 120 due diligence questions organised into the nine key themes set out by the FSA in its recent Platform Factsheet. Advisers can email or post these questions - covering financial stability, functionality, cost, range of funds and support services - to the provider and then rate each platform's response against one another. The free-to-use tool then produces a suitability score based on the priority of each question and the corresponding rating given by the adviser. A branded due diligence report can then ...
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