Expert suggests advisers split platform bill with client

Mark Polson, principal at consultancy the lang cat, said advisers could pay for the "functional" elements that directly benefit them, while clients stump up for custody, dealing and administration. Advisers could recover their increased costs via a mark-up on the adviser charge. The move would not necessarily reduce customers' total bill or simplify the existing process, but it would make it more transparent and due diligence more demonstrable, Polson said. Ultimately, it could ease any adviser angst over platform selection, he suggested. "It remains odd to me that we have this ...