It is important the regulator scrutinises platforms but, writes David Tiller, the sector is now at risk of being judged on whether the tools and components on offer are an inducement to the adviser or a genuine customer benefit
Monday 16 July 2018 was a good day. The Interim Report from the Financial Conduct Authority (FCA) into the 2017 Investment Platforms Market Study gave a pretty strong endorsement of the levels of competition within the advised platform market while the regulator's consumer research showed that, on the whole, advised customers were happy with the services and level of charges paid for ongoing financial advice. Time to pop open the champagne, then? Well, perhaps it wasn't quite that good… We do need to consider the question of what the FCA views as an inducement. At the core of this is ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
