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.