Financial strength 'key' when selecting platform

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Platforms should spend less time launching financial planning tools and "step up" their efforts in the areas of financial strength, technology and service support, according to Rayner Spencer Mills.

The financial consultancy has launched its updated platform guide which now includes financial strength ratings from AKG - something AKG says should be a key consideration for advisers conducting platform due diligence. "The development of financial strength ratings for this sector has resulted from fund research and requests indicating strong intermediary demand," said AKG managing director Guy Vanner. "This is understandable given the importance of intermediaries rightly place on the robustness required in selecting platform providers as a partner to their developing business." R...

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