View more on these topics

Platforms best equipped to win retirement race

Platforms are the most likely players to flourish in the post-pension freedoms market, according to advisers polled by consultancy firm AKG.

The online survey of 100 advisers conducted in March looks at how advisers are dealing with the opportunities and challenges of pension freedoms.

It is one of three studies that forms part of a report into pension freedoms.

The initial findings of the online survey were released on 24 May and the rest of the results, now published, show how advisers rate providers in the retirement market.

In the survey respondents were asked to select their top three providers from a rang of platforms, Sipp providers, discretionary fund managers, life companies and fund managers.

Platforms came out on top at 81 per cent, Sipp operators came second at 52 per cent and discretionary fund managers came third at 30 per cent.

AKG says its research suggests platforms are seen to have responded well to the pension freedoms and are improving all the time, following the initial shock of the changes.

Over time they are also getting to grips with reporting and addressing taxation changes for clients more.

Although Sipp providers are rated highly due to their drawdown capabilities they need to prove they have emerged positively from a period of FCA scrutiny, according to the research.

Sipp providers have faced questions on capital adequacy, non-standard asset exposure and general governance.

AKG adds DFMs alongside fund managers are targeting assets under management through the investment management opportunities offered by drawdown.


Justin Cash, Editor of Money Marketing

Editor’s note: DFMs need to focus on adviser service

Let’s talk about discretionary fund managers. It’s an important conversation to have: even advisers who adore their investment manager admit that the market as a whole is murky, highly profitable and a nightmare to compare. They are also growing in importance, in terms of both volume of assets and the number of advisers that are […]

Platforms and DFMs await FCA’s next steps on market study

Firms at the centre of the FCA’s platform market study are sitting tight for the regulator’s next moves, as discretionary businesses struggle to compile the requested information. The FCA launched its platform market study in July last year, after the sweeping Asset Management Market Study called for further investigation. In the market study terms of […]

Health - thumbnail

Healthcare predictions for 2015 from Jelf Employee Benefits

The continuing fall-out from the Competition and Markets Authority’s (CMA’s) review, the rise of the private GP and digital engagement will be the primary focuses in the private healthcare industry during 2015, according to Iain Laws, managing director, healthcare and group risk, at Jelf Employee Benefits.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm