Platform due diligence: A comprehensive approach

In today's atmosphere of increasing regulatory complexity, thorough platform due diligence isn't just best practice - it's a fundamental requirement. With the Financial Conduct Authority's (FCA) Consumer Duty regulations raising the bar for advisory firms, the need for robust, documented platform selection processes has never been more critical. The FCA recognises that platforms can enhance service delivery and administration efficiency. However, the regulator also emphasises that firms must ensure these improvements translate into genuine value for clients. As their guidance states, ...