Commenting on potential fallout from the Standard Life Aberdeen-Phoenix Group deal, Mark Polson has warned advisers should not "cut and run" from the platform as client suitability came first.
"When it comes to platform choice, client suitability still rules the roost," said the lang cat principal. "Advisers shouldn't cut and run." Polson was discussingt the potential impact on the Standard Life Wrap platform, in the wake of Standard Life Aberdeen's announcement it had sold its life insurance business to Phoenix Group in a £3bn deal, last month. Under the terms of the proposed deal, Standard Life Aberdeen will retain its adviser platforms Wrap, Elevate and Parmenion as well as financial advice business 1825. On completion, Standard Life Aberdeen will receive total consi...
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