Steve Nelson: Five questions to assess platforms' financial strength

A decade after the banking crisis took the world to the brink of a global financial meltdown, the importance of financial due diligence is surely not in doubt. Yet there remains a suspicion some advisers continue to turn a blind eye to the financial health of the platforms with which they do business. If any reminder were still needed as to why that needs to change, 2018 has already provided not one but several - not least, the PROD (Product Intervention and Product Governance Sourcebook) rules. Introduced along with MiFID II, this holds that advisers should consider the impact of financ...