Scottish Widows' Bold predicts adviser 'flight to trusted quality' in fragmented platform market

‘There will be potential platform consolidation’

Jenna Brown
clock • 6 min read

The fragmented platform market could see future consolidation as advisers take “flight to trusted quality", according to Scottish Widows’ Graeme Bold.

Bold, who has been managing director (MD), workplace and intermediary wealth at the provider for a year, said only "long-term investors and scaled players will sustain over time". Bold, who has more than 25 years' experience in financial services across various providers, including a long stint at Standard Life, said he did not come into the role with a "super-sexy strategy to build ‘XYZ'" but to deliver on things that advisers need to run their businesses. "I wanted to set a long-term strategy for the platform. I want it to be a long-term, stable, trusted partner for advisers who are...

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