Advisers urged to review platform selection to meet client needs

After FCA thematic review highlighted importance of regularly reviewing

Isabel Baxter
clock • 1 min read

Advice firms should consider the different needs of clients in accumulation and retirement as part of their platform selection reviews, according to Copia.

In its Rethinking Retirement: Changing Gear report in conjunction with The Lang Cat, it asked whether firms consider changing platforms as the client transitions from accumulation to retirement, 43% of respondents stated "no". For the rest, it depends on the needs of each client, however, the research found that most firms are selecting platforms at outset that will meet the client needs now and in the future. One respondent said: "Consider, yes. In practice, most are already where they should be in preparation." "It depends where the clients are already - if we have already given ...

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