Platforms disappoint advisers on service - Defaqto

Annual platform service survey

Victoria McKeever
clock • 2 min read

Platform providers are performing below advisers' expectations in six of 11 important areas, according to Defaqto's latest survey of the level of service on offer from the market.

The financial researcher's report said this included the three service categories ranked as most important by advisers - existing business administration, new business administration and online services and ebusiness. The report suggested service was only exceeding platform users' expectations in platform provider strength and brand, adviser charge administration and transition and implementation but added these were seen as the least important areas for advisers. Scale will come to dominate platform market - Platforum Defaqto's head of insight and consulting for wealth and protect...

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