Platforms – the disease or the cure?  

 August 2018

Good for the adviser administration and a cheaper and better service for clients.

The FCA reviewed how platforms were used and expressed concern about provider bias and adviser independence if only one platform was being used by an adviser firm. Therefore, it recommended that advisers should probably work with two or more platforms to ensure independence. This also tied in with the idea of segmenting clients for service levels. This ideal works quite well when the charging structures of the platforms is compared