Advisers should push ahead with platform strategy reviews amid concerns the delayed platform paper could see them "take their foot off the pedal", Alliance Trust Savings has warned.
The platform paper was originally expected at the end of March but has been delayed as the Financial Services Authority (FSA) struggles to formulate policy over key issues such as platform rebates. In addition to the delayed paper, rumours abound that new FSA platform fund information requirements will not apply from 31 December 2012 - raising the spectre of a "second RDR". But Alliance Trust said it would be "problematic" if these delays cause advisers to "take their foot of the pedal" when making platform-related changes to business models such as the move away from single platform ...
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