Editor's View: Usage of platforms by advisers plummets

The editor's Friday Night Takeaway from 14 October

Hope William-Smith
clock • 1 min read

Just when you think the week is done, along comes another chancellor!

The appointment of MP Jeremy Hunt this afternoon to replace the sacked Kwasi Kwarteng means the UK has now had four chancellors in four months. It's not quite the blueprint for stability the Conservatives were hoping for and it's now not difficult to imagine the prime minister could be set for a similar fate to Kwarteng in the not-so-distant future. Away from politics, the biggest news this week has been findings from Coredata Research which showed advisers are scaling back their use of platforms. Daily usage plummeted from 71% last year to 55% in 2022 and only a third of those surveyed ...

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 Adviser tips

Scaling Smarter: Unlocking Growth in a Changing Advice Market

Scaling Smarter: Unlocking Growth in a Changing Advice Market

Join us for an exclusive webinar exploring how advice firms can unlock growth by adapting to the evolving needs of clients, without compromising on quality or profitability.

Professional Adviser
clock 05 January 2026 • 1 min read
Partner Insight: Advised baby boomers are more retirement ready

Partner Insight: Advised baby boomers are more retirement ready

Vanguard research shows most UK baby boomers are not on track to meet spending needs in retirement.

Georgina Yarwood and Warwick Bloore, Vanguard, Europe
clock 09 December 2025 • 9 min read
Interactive video: Navigating today's complex financial landscape as an adviser?

Interactive video: Navigating today's complex financial landscape as an adviser?

Advisers today operate in a competitive landscape, grappling with intricate client demands, increasing regulatory oversight, and volatile markets.

Sarka Halas
clock 04 April 2025 • 1 min read