Chris Bredin: Platform land's poor 2018 was of sector's own making

Poor customer experiences

clock • 4 min read

Brexit and market volatility may have added to the uncertainty in platform land in 2018 but, writes Chris Bredin, the most significant of the sector's problems were very much of its own making

Life certainly does come at you fast. Just 12 months ago, we were writing about a bumper 2017 for the advised platform market with record new business, driven largely by positive market sentiment and DB transfer flows onto advised platforms. Looking back at 2018, however, things are markedly different. It is fair to say that 2018 was a bit of a mixed bag in platform land with various external factors influencing the sector. The in, out, shake-it-all about Brexit hokey-cokeyness, and increased market volatility have both probably added a bit of investment uncertainty, but not significantl...

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

Wealthtime adopts Letter of Authority tech onto platform

Wealthtime adopts Letter of Authority tech onto platform

Has embedded Origo’s Unipass Letter of Authority as part of ‘efficiency drive’

Isabel Baxter
clock 22 April 2024 • 1 min read
Third Financial commits to HNW market in latest platform signing

Third Financial commits to HNW market in latest platform signing

Discretionary wealth firm Mountstone Partners has joined the platform

Isabel Baxter
clock 15 April 2024 • 1 min read
AJ Bell cuts platform fees in bid to enhance competitiveness

AJ Bell cuts platform fees in bid to enhance competitiveness

Includes changes to the platform's annual custody charges

Isabel Baxter
clock 05 April 2024 • 2 min read