What's keeping platforms up at night?

'You're not out of the woods yet, platforms'

clock • 4 min read

Justin Cash reflects on what's keeping platforms up at night in 2025.

It's not easy being a platform. You might think that in the sunlit uplands of 2025, where technology rules supreme, it might be getting easier. Not quite, I'm afraid. Because wherever you look, regulatory headwinds are blowing. For a start, the FCA is, finally, catching on to the potential perils of consolidation. An October letter confirmed it was probing everything from governance and oversight to capital levels. Clients might be worried their new private equity overlord might jack up fees, cutting service levels and shoehorn into its in-house funds. Platforms might be worried that ...

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 Platforms

Platform pain points advisers want to see solved

Platform pain points advisers want to see solved

Morningstar’s Ben Lester

Isabel Baxter
clock 11 September 2026 • 1 min read
AJ Bell names latest advice firm partner for Model B offering

AJ Bell names latest advice firm partner for Model B offering

Links up with Daintree Wealth Management

Sophia Panayi
clock 25 August 2026 • 2 min read
Advised platform AUM grows 9.24% in Q2 despite drop in flows

Advised platform AUM grows 9.24% in Q2 despite drop in flows

Highest quarterly growth since Q2 2020 but net sales dip 8.95%

Sophia Panayi
clock 12 August 2026 • 2 min read