Lost more than £100m
Boring Money consumer survey
'Marketing terminology' should be banned - Boring Money
Research says that this is not related to affordability
Providers need to simplify drawdown charges or the regulator will intervene, founder of The Platforum and Boring Money Holly Mackay has said.
Holly Mackay, the founder and MD of platform advice, research and events firm The Platforum, has resigned from the business, Investment Week understands.
Holly Mackay, the founder and MD of platform advice, research and events business The Platforum, is to take a sabbatical later this year, Investment Week can reveal.
Consultancy The Platforum has dismissed speculation the Financial Services Authority (FSA) is set to ban unit rebates as part of its platform paper.
IFAs favour Nucleus and Standard Life as their main platforms of choice, research from the Platforum suggests.
Platform assets under administration fell more than 4% in Q3, according to figures from consultancy group The Platforum, which suggested advisers have begun to doubt the value of platforms to their business.
The Platforum has beefed up its team with three new hires as it gears up for growth in the digital and corporate markets.
Aviva said it is waiting with "bated breath" for publication of the platform policy paper - something it says could have a "fundamental impact" on how players operate.
A lack of clarity from the FSA about advisers' use of platforms means firms have to "second guess" the regulator's requirements, according to The Platforum managing director Holly Mackay.
Transact, Standard Life and Elevate have been rated the best platforms by IFAs, according to The Platforum.
Allfunds' Holly Mackay says Brett Williams' shock departure has come at a crucial point in platforms' development.
Allfunds Bank's UK director Holly Mackay is leaving the firm to consider new opportunities elsewhere.