Pensions Dashboards Week: Potential disruption for platforms

Platforms will want to continue to expanding and growing assets

Hope William-Smith
clock • 1 min read

If pensions dashboards pose a threat to the continued consolidation of pension assets, the offering could be ‘disruptive’ to the platforms industry, according to NextWealth.

Speaking to mark the opening of the inaugural Pensions Dashboards Week yesterday (3 October), NextWealth managing director Heather Hopkins said the desire of platforms to continuously grow could be hampered. "If you think about the big rise in assets for platforms, the Retail Distribution Review was a fantastic boost for platforms, as were pension freedoms with people transferring assets out of defined benefit pensions and consolidating pensions," she said. "If pension dashboard poses a threat to that continued consolidation of pension assets, then it could be disruptive for platforms...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Platforms

P1 builds out platform to enhance report writing for advisers

P1 builds out platform to enhance report writing for advisers

The ‘investment proposal generator’ aims to streamline reporting processes

Isabel Baxter
clock 22 August 2024 • 1 min read
Adviser platform gross flows hit £20.7bn high but net flows fall

Adviser platform gross flows hit £20.7bn high but net flows fall

Outflows reduced advised net flows to just £2.8bn, Fundscape finds

Isabel Baxter
clock 22 August 2024 • 3 min read
Schroders UK Platform Awards 2024: Voting closes today!

Schroders UK Platform Awards 2024: Voting closes today!

Awards to be held on 24 September at the London Hilton Park Lane

Professional Adviser
clock 26 July 2024 • 1 min read