Skandia: Advisers must consider platform exit strategies

clock

Advisers must consider the likelihood and impact of platform providers' exit strategies on their clients when carrying out due diligence, warns Skandia.

It says acquisitions, consolidation, closures and stock market listings are all likely to affect smaller platform operators over the next few years, and recommends advisers consider the impact this may have on customers. Skandia says although the market is dominated by the top four operators, there are now more than 15 smaller outfits in existence and it is unlikely all of these will survive as independent entities. Life companies lacking a foothold in the platform market could acquire a platform in order to gain immediate market traction, while smaller operators may look to merge wit...

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

Wealthtime signs ten-year deal with Wipro to overhaul platform

Wealthtime signs ten-year deal with Wipro to overhaul platform

The firm will use Wipro's artificial intelligence

Sahar Nazir
clock 01 April 2025 • 2 min read
Adviser platform assets up to £616.2bn in 2024

Adviser platform assets up to £616.2bn in 2024

Strong advised platform new business throughout 2024

Jenna Brown
clock 19 March 2025 • 3 min read
Aberdeen's Kenny: 'We need to get our flows into positive territory'

Aberdeen's Kenny: 'We need to get our flows into positive territory'

CDO on service, technology and ‘moving the dial’

Isabel Baxter
clock 13 March 2025 • 4 min read