PROD rules are driving advisers to take a client segmentation approach to platform selection - so, asks Tom Ellis, can businesses kill two birds with one stone by getting in step with the regulation?
The Financial Conduct Authority (FCA) believes the time and resource advisers spend on the suitability process when moving clients from one platform to another is excessive. It said as much in its platform...
Creates £11bn asset management business
And more competition
Launched November 2018
£15m group claim