Mike Barrett: The client comes first when selecting a platform

PROD and more

clock • 3 min read

In this piece about platform selection suitability, Mike Barrett takes a look at the pieces of regulation and prompts to advisers the FCA has issued over the past five years

The idea that advice firms should put client needs first when selecting platforms isn't exactly radical. It's common sense. But it is also a regulatory requirement. Over more than five years, the FCA (Financial Conduct Authority) has produced a variety of studies, papers and factsheets repeating the need for advisers to make sure services are in the best interest of the client. While many advisers will already have been meeting the standards required by the regulator, evidencing compliance to the FCA's satisfaction is becoming more important than ever. I thought it would be useful to loo...

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