MiFID II platform 'paper storm' hinders adviser-client engagement

Speaking at TISA's MiFID II seminar today, Martin said that, under the latest Markets in Financial Instruments Directive (MiFID II), implemented in January, a platform could now produce around 16 pages of disclosure per adviser action. An adviser, he suggested as an example, might want to top up a client's general investment account or ISA, switch their investment strategy, adjust the level of income the client was taking from the product and produce an ad hoc charge for the advice associated. On the platform he used in his example, however, it would not be possible to do all this in ...