A year in platforms: IPOs, PROD and, of course, the 'R' word

While advisers had to contend with the likes of MiFID II and GDPR and preparing for 2019's introduction of the Senior Managers and Certification Regime, the biggest news to emerge from the platform sector in 2018 concerned a number of initial public offerings, the confusing regulation that is PROD and, of course, re-platforming. The initial initial public offering Transact arguably set the tone for the platform market when it launched many moons ago - at the turn of the century - and it continued to do so in 2018 when it was the first of three adviser platforms to go public. It listed...