Platforms are struggling to reinvent themselves in a modern advice world with increased business pressures and growing demands from advisers, delegates heard.
Speaking on a panel at PA360 today (25 April) The Lang Cat chief executive and founder Mark Polson said he did not think there was any major inflection point in the industry currently. "I think we, as an industry, create those as a way to keep things interesting," he said. "Platforms are only for four things and anything else is just noise." Polson added that platforms were purely in the industry for "utility", with NextWealth consulting director Emma Napier adding that platforms "will need to do things differently" if they want to survive in the future. "If you are a platform busi...
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