Advice firms shift toward launching own white-label platforms
By Jean-Baptiste Andrieux 25
th May 2021 10:00 am
Almost half of advice firms with £250m assets under management (AUM) plan to launch their own white-label platform in the next three years.
This is the main finding from a new report by NextWealth that reveals a substantial shift toward white-label platforms.
It surveyed 218 advisers in February 2021 and also organised a roundtable with 10 senior managers from large financial advice businesses and consolidators.
In addition to this, NextWealth sent a questionnaire to 28 platforms, with 24 of them providing answers.
NextWealth managing director Heather Hopkins said: “Our survey with advisers for the report reveals a shift could be on the horizon in the way that financial advisers structure their businesses.
Inside the FCA’s new DB transfer tool
Michael Klimes finds praise for the FCA’s new DB assessment advice tool, but criticism over slow action from the regulator
By Michael Klimes 4
th February 2021 6:00 am
Better late than never, so the saying goes. The FCA has certainly been tardy when it comes to the defined benefit transfer market. It pushed through rules to clean up the mess only after the sector’s reputation was tarnished by the British Steel scandal.
Better late than never has been tested again with its unveiling of an assessment tool advisers can use to check their recommendations.