PA360: Do platforms have to work to keep themselves 'interesting'?

Specialists from across the industry debate platforms’ future purpose

Hope Coumbe
clock • 1 min read

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...

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

Schroders UK Platform Awards 2024: Voting closes 26 July!

Schroders UK Platform Awards 2024: Voting closes 26 July!

Awards to be held on 24 September at the London Hilton Park Lane

Professional Adviser
clock 09 July 2024 • 1 min read
Schroders UK Platform Awards 2024: Adviser entries open!

Schroders UK Platform Awards 2024: Adviser entries open!

Awards to be held on 24 September at the London Hilton Park Lane

Professional Adviser
clock 14 June 2024 • 2 min read
Why advice firms should outsource their platform due diligence

Why advice firms should outsource their platform due diligence

‘It's really time consuming to do it on an individual firm basis’

Isabel Baxter
clock 07 June 2024 • 5 min read