Due diligence: Is your platform fit for the new retirement market?

Zurich's head of platform strategy gives due diligence tips to advisers

Nicola Brittain
clock • 3 min read

Pension freedom means platforms need to make income available on request but not all of them can. Here, Alistair Wilson gives advisers wanting a retirement-ready platform a few useful pointers...

Many providers have been slow to adapt to the demands of the new retirement market which, as more and more clients enter drawdown, pose an ever increasing risk to advisers. With platforms offering many different degrees of income functionality, advisers should consider reviewing this aspect of their platform due diligence. So what should they be thinking about? Here are some pointers.   1) Withdrawal limits It's important to review the platform's policy and governance procedures and check they are fit for today's market. Some platforms impose withdrawal limits, which may restrict...

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