Quarter say single platform compromises independence

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Nearly a quarter of advisers think using a single platform for their clients will jeopardise their claims of independence, research suggests.

A Defaqto survey found 24% of respondents feel they may have to use more than one proposition to meet FSA requirements. However, almost seven in ten respondents (68%) said using a single platform would not compromise their claims for independence, while 8% were unsure. In November, the FSA appeared to draw a line under the issue after confirming advisers using a single platform for most of their clients can keep the independent label if they can show it is suitable. But Defaqto says its study suggests uncertainty remains among the advisory community. "Although the majority of ad...

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