Advisers 'too busy' to choose a platform - research

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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. ...

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