RDR has forced platforms to revisit proposition, says Transact
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Transact says the RDR has forced platform providers to re-examine the way in which they do business.
Head of marketing Malcolm Murray says for most wrap players, the RDR has caused them to look again at their proposition and has forced them to go back to the market and ask what IFAs really want from a platform.
In a Transact adviser update Murray says: “One of the best things to come out of the RDR has been the introspective aspect that it has encouraged in most of us. It has led us to consider just how we have delivered financial advice to our clients and to listen seriously, perhaps for the first time, to our critics and concede that some of the opinions expressed were justified.”
He continues: “For most of us though, I think the RDR has caused us to re-examine what we do and the way in which we do it.”
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Readers' comments (1)
John Blackmore | 3 Nov 2009 7:52 pm
I agree completely. There are too many Players offering added value services at higher than necessary prices. Encouraging activity for its own sake rather than offering efficient basic services.
I do hope that following further introspection we will see some reductions in cost and a concentrated effort on services from which all clients can benefit.
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