Blog: What you need to know about your platform

Shaun Sandiford, distribution director at AXA Elevate, takes a closer look at the FSA Investment Suitability Report and what advisers need to know from their platform

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Shaun Sandiford, distribution director at AXA Elevate, takes a closer look at the FSA Investment Suitability Report and what advisers need to know from their platform

Platform due diligence (‘PDD’) is fundamental to both wrap operators and wrap users alike. Just as IFAs have to make decisions around what’s important to them, so too the wrap operators. Our tasks are made more difficult as the FSA can give or change its guidance at anytime thus changing our technology plans or the due diligence questions wrap users ask as important to them. As with all FSA guidance there are some areas which we might all see from a slightly different perspective and differing interpretations. The latest such discussion arises from the Investment Suitability Report. ...

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