Ola Abdul: To switch or not to switch platforms? That is the question

Switching unnecessarily difficult

clock • 4 min read

If we start from the principle that choice and the freedom to change are good for clients, writes Ola Abdul, then investment management still has much to learn from other industries - not least energy and retail banking

For generations, choosing a current account was akin to choosing which football team to support. You picked once and stuck with it - and, while many may have spent a lifetime rueing their choice, switching was unthinkable. Until 2013 that is, when the Current Account Switch Service was introduced. Since then more than four million people have successfully switched current accounts, with the scheme simultaneously offering greater choice to consumers and injecting transparency and competition into the market. Clearly, of course, the investment management market is much more complex than...

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 Wrap/platforms

What golf's distance problem can tell us about the future of platforms

What golf's distance problem can tell us about the future of platforms

'We can't hope to fulfil our potential by standing still'

Steve Andrews
clock 22 April 2026 • 4 min read
Advisers predict platform consolidation amid competition concerns

Advisers predict platform consolidation amid competition concerns

Research from Scottish Widows

Jenna Brown
clock 20 April 2026 • 3 min read
Aberdeen Adviser takes control of Wrap client servicing from FNZ

Aberdeen Adviser takes control of Wrap client servicing from FNZ

Part of simplified operating model

Jenna Brown
clock 14 April 2026 • 2 min read