Editor's View: Round yon platform, pricing that's mild

The editor's Friday Night Takeaway from 1 December

Hope Coumbe
clock • 1 min read

Amid a less than rosy phase for platform performance, our most-read story this week was an interview with Fairstone chief executive Lee Hartley, who is blasting into the market with the launch of the network’s own offering next quarter.

Hartley - who also founded Fairstone - confirmed to PA that his focus is on competitive pricing, and a new client app will also be launched and is set to feature across all ten platforms its advisers currently work on. While Hartley said Fairstone's platform will merely "complement" these ten, it will be interesting to see whether this competitive pricing will leave its advisers little choice but to keep things in the family. Elsewhere, a shake-up of Financial Conduct Authority investment advice compensation rules may see the industry plough forward with a "polluter pays" model. The idea...

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