Surprise as slow platform growth put down to adviser 'discontent'

Including figures from the new Sippcentre proposition for the first time, UK retail adviser platform assets were £164bn at 30 September 2011, a decline of 4.3% for the quarter, The Platforum said. Managing director Holly Mackay (pictured) said regulatory uncertainty and market turmoil had, as expected, hampered growth, but also pointed to a surprise third factor. She said doubts over the value platforms offer adviser businesses are also now posing a challenge to the market. "Typically advisers complain about the cost but I think there is more of a focus now on value," she said. ...