Unsighted on platforms
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Peter Jordan of Skandia is fast becoming the Arsene Wenger of the platform sector - at least when it comes to selective blindness!
In response to his statement: “At this stage there is nothing in writing as far as the RDR and platforms are concerned.” I would recommend he reads the FSA factsheet issued in June 2007, Platforms - using fund supermarkets and wraps.
For Peter, it may not be the most palatable read but I think he will find that, when talking about issues that advisers should consider when recommending a wrap, the paper talks about “charges” including actual cost and transparency. Under “functionality”, it includes the “ability to switch or re-register” off the platform.
Malcolm Murray
Head of marketing, Transact
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