Award for platform charges clarity given to 'nobody'

clock

An award for the direct platform offering the most transparent and plain-English charges, terms and conditions has no recipient for the second year running.

Announcing the winners of its Direct Platform Awards 2015, consultancy and research business the lang cat revealed Best for Clarity had been won by "nobody". "We spent ages looking at this," the company said. "We wanted total clarity and simplicity around charges, and also a set of terms and conditions that someone who wasn't a QC could understand. We wanted no stupid restrictions and also an intuitive web service. We didn't find one. Not a single one." The awards form part of the lang cat's second guide to direct platform investing - Come and have a go too - which is aimed at investo...

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

Will IFA-owned platforms take over the financial advice sector?

Will IFA-owned platforms take over the financial advice sector?

PA talks to industry experts on the future of adviser-owned platforms

Sahar Nazir
clock 27 March 2024 • 9 min read
CGT support from platforms now 'adviser must have'

CGT support from platforms now 'adviser must have'

Shrinking personal allowances dragging more investors into CGT net

Jenna Brown
clock 27 March 2024 • 2 min read
Aviva named the preferred platform provider by advisers

Aviva named the preferred platform provider by advisers

Quilter remains in second place followed by AJ Bell and Transact

Isabel Baxter
clock 04 March 2024 • 1 min read