Standard Life urges advisers to check platform deals to dodge 'zombies'

Head of adviser propositions and strategy David Tiller said he thinks the market will have shrunk to about 15 platforms by 2018, but only about six will cater to advisers. Platform consolidation has been a much heralded topic in recent years. But Standard Life has had an increasing number of adviser queries since it emerged Cofunds and Transact are up for sale, many asking about the quality of their platforms, Tiller said. He urged advisers to take a proactive approach to platform due diligence and consider switching assets if it becomes apparent their platform's business model is ...