The lang cat and AJ Bell issue call to arms on platform switching

The consultancy, which has previously argued the platform market is "broken" because switching is so difficult, said the sector needed to find a way "to increase the velocity of money moving around". "It may be the case that compliance teams are being - understandably - overzealous in their process for risk management purposes," the firm said. "We think it should be perfectly possible to create a streamlined advice process which satisfies regulatory requirements, controls risk for businesses, is understandable for clients and cost-effective for everyone involved." The lang cat surveye...