David Ferguson, CEO of Nucleus, looks at the implications of the FSA's latest platform discussion paper.
Here we are again. The big difference this time is that the FSA has now published DP10/2, a discussion paper that may have done for the platform sector what CP121 did for financial advice, namely focus a harsher light on who is doing what, and for how much. While there seems to be a widely held belief that the platform market is here to stay (and indeed that it may grow up to five-fold in scale over the next three to five years) there remains less consensus over where that growth will arise. Or at least there was before 26 March when the FSA set out its thoughts in a clear and determined...
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