Platform usage increasing 'significantly', says Defaqto

A Defaqto survey, polling 500 advisers dealing in personal pensions, found 40% will shift to a platform-based business model as part of their RDR preparations, up from 28% in 2009. "It is clear the RDR continues to provide a catalyst for platform adoption and, according to our findings, significantly more IFAs are now planning a move in this direction than a year ago," says Defaqto's wealth management consultant Matt Ward. But before selecting a platform, Defaqto says IFAs need to undertake careful due diligence in terms of their business model and client segmentation. "Key to succ...