Holly Mackay, managing director of The Platforum, believes the FSA's Platform Consultation paper is broadly good news, but there are some key points to answer.
Adviser charging will come from a platform cash account and be agreed by the adviser and their client – no provider or platform influence. No surprises there. Moving to platform usage, very welcome clarification...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till