Advisers 'too busy' to choose a platform - research

clock

Nearly half of advisers have still not signed up to a platform - because they are "too busy" running their businesses and preparing for RDR, research suggests.

A survey conducted by Zurich polling over 800 advisers at the end of November revealed 40% have yet to sign up to a platform, whilst 16% have no intention of using one. A minority of 44% have signed up to at least one platform. Of those yet to sign up to a platform proposition, more than a quarter said they have not made a decision because they are too busy trying to keep their businesses afloat. A fifth said they are busy preparing for the retail distribution review (RDR), even though some stakeholders say RDR compliance is at least partly dependant on having a platform strategy. ...

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

What golf's distance problem can tell us about the future of platforms

What golf's distance problem can tell us about the future of platforms

'We can't hope to fulfil our potential by standing still'

Steve Andrews
clock 22 April 2026 • 4 min read
Advisers predict platform consolidation amid competition concerns

Advisers predict platform consolidation amid competition concerns

Research from Scottish Widows

Jenna Brown
clock 20 April 2026 • 3 min read
Aberdeen Adviser takes control of Wrap client servicing from FNZ

Aberdeen Adviser takes control of Wrap client servicing from FNZ

Part of simplified operating model

Jenna Brown
clock 14 April 2026 • 2 min read