Platforms need 'sense check' on compliance - Addidi

Addidi Wealth Management chief executive Anna Sofat has argued that since the Retail Distribution Review (RDR), platforms are demanding increasing volumes of paperwork and unnecessary tick-box exercises. She said that they have moved from being very lightly regulated and putting the adviser at the heart of the investment process, to the opposite of this. "They [platforms] seem to have become far more focused on compliance since the RDR. Sometimes the requirements make sense and sometimes they make absolutely no sense." "In the last four months I have had to have more than a dozen c...