Why the self proclaimed platform giant is mocking you

clock

I'll start and end with the recent news that Skandia has performed a spectacular u-turn and is no longer planning to offer re-registration away from its platform.

Is this how it is going to be? Proclaim yourself as the leader in driving re-registration, drop prices, drive a huge increase in volumes and then lock everyone in? I don't think I have ever seen a more spectacular (and arguably cynical) turnaround and I urge IFAs to vote with their feet (and their clients' portfolios). The self-proclaimed platform giant is mocking you and if the FSA and the self-elected UK Platform Group don't step in now I don't know when they will. While our Southampton-based legacy competitors have been concocting their latest marketing tactics we've been busy getting ...

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 Technology

Dynamic Planner CEO on AI's role in 'trusted advice'

Dynamic Planner CEO on AI's role in 'trusted advice'

‘The challenge is that delivering advice is hard’

Isabel Baxter
clock 09 December 2025 • 6 min read
FCA reveals first group of financial firms to take part in AI testing

FCA reveals first group of financial firms to take part in AI testing

To deploy ‘safe and responsible’ AI

Cristian Angeloni
clock 03 December 2025 • 1 min read
Providers have 'clear role' to help advice firms with AI governance support

Providers have 'clear role' to help advice firms with AI governance support

Less than 5% of advisers have a full AI policy

Isabel Baxter
clock 02 December 2025 • 3 min read