Scottish Widows Platform receives A rating by AKG

One of only four platform providers to hold the highest rating

Isabel Baxter
clock • 2 min read

The Scottish Widows Platform has received an ‘A' rating, the highest awarded for financial strength from financial analytics firm AKG.

Scottish Widows Platform is one of only four UK platform providers to hold the highest AKG platform rating of ‘A', which is described as "superior financial strength". The ratings provide financial advisers with an independent assessment of a firm's financial resilience. The Scottish Widows Platform rating was pinned on the operational business level, but also considers relevant group structure and the support of Lloyds Banking Group which has already invested £125m in the Scottish Widows Platform. Scottish Widows group head of platform proposition Jonathan Sandell noted that under...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Platforms

Wealthtime adopts Letter of Authority tech onto platform

Wealthtime adopts Letter of Authority tech onto platform

Has embedded Origo’s Unipass Letter of Authority as part of ‘efficiency drive’

Isabel Baxter
clock 22 April 2024 • 1 min read
Third Financial commits to HNW market in latest platform signing

Third Financial commits to HNW market in latest platform signing

Discretionary wealth firm Mountstone Partners has joined the platform

Isabel Baxter
clock 15 April 2024 • 1 min read
AJ Bell cuts platform fees in bid to enhance competitiveness

AJ Bell cuts platform fees in bid to enhance competitiveness

Includes changes to the platform's annual custody charges

Isabel Baxter
clock 05 April 2024 • 2 min read