Platforms increasingly want to take on the role of guiding advisers toward a smaller number of funds and that, says Tim Sargisson, will clearly represent a challenge for whole-of-market practitioners
My previous blog highlighted the Financial Conduct Authority's (FCA) concerns about platforms. "We will conduct a market study to explore how ‘direct to consumer' and intermediated investment platforms compete to win new and retain existing customers" - this was the pull-out headline from the regulator's Business Plan 2017/18. First of all what do we mean when we use the expression ‘platform?' The CII J11 Study text sums it all up quite nicely in one paragraph: "Platforms are a well-established feature of the financial planning landscape and are a core part of many advisory propositio...
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