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F&TRC launches platform due diligence service


Finance & Technology Research Centre has launched a platform due diligence service for advisers.

The free service includes data on the products and financial tools available on different platforms, online functionality and how well the platform integrates with advisers’ software systems.

It will be expanded over the next six months to cover data such as re-registration, financial strength, client access and platform security.

The service covers Aegon Retirement Choices, AJ Bell, Aviva Wrap, James Hay, Novia, Praemium, Standard Life Wrap, True Potential and Zurich Wrap.

A further four platform are in the process of adding their information.

F&TRC director Ian McKenna says: “Whilst due diligence is not about just data there is a need for advisers to collate considerable amounts of information. With adviser firms conducting such activity independently, there is huge duplication in time effort and cost for both advisers and platforms.

“By creating a structured central question set platforms can focus on getting the central data 100 per cent right and advisers will have access to high quality information structured consistently for ease of comparison.”


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