Worries flare over pension product range on platforms

Advisers in platform reassessment push

Carmen Reichman
clock • 3 min read

Two-thirds of advisers have said they are currently reassessing their platforms in light of pension freedom, amid concerns over functionality and the product ranges on offer.

In a recent survey of 120 advisers by provider Zurich, 64% of advisers said they are evaluating their platform providers to see whether they will meet their clients' needs going forward. Functionality is a main concern for advisers and the vast majority were worried about the product range on offer. Zurich head of retail platform strategy Alistair Wilson said the variety of choice consumers were given by the government's pension reforms have sparked more demand for better and more versatile systems. Rival platform provider James Hay agreed. Head of technical support Neil MacGillivr...

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