Ascentric's Thorman: Sparring platforms must unite

clock

Ascentric chief Hugo Thorman has called on the platform community to adopt a "unified voice" amid an escalating row between fund supermarket and wrap propositions.

Already in 2012, wraps have warned their supermarket rivals they face a huge test transitioning to an unbundled charging model. Meanwhile, supermarkets have hit back with claims the wrap community also has a number of challenges to overcome. But Ascentric managing director Hugo Thorman (pictured) said the platform community would be better positioned to influence regulatory policy if its members spoke with a collective voice. "I would love to have a unified voice for all platforms - because there is more opportunity to influence positively the regulator in the interests of not just...

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

Most advice firms only 'somewhat satisfied' with platforms' data

Most advice firms only 'somewhat satisfied' with platforms' data

According to NextWealth’s Data Openness Report 2026

Sophia Panayi
clock 18 June 2026 • 2 min read
Platforms told to 'clean up their data' as transfer charter approaches

Platforms told to 'clean up their data' as transfer charter approaches

The Platforms Association to launch charter later this month

Isabel Baxter
clock 09 June 2026 • 4 min read
Vanguard UK Platform Awards – Advisers, cast your votes

Vanguard UK Platform Awards – Advisers, cast your votes

Voting open across several categories

Clive Waller
clock 08 June 2026 • 1 min read