View more on these topics

Skandia to add due diligence facility to Platformwatch

Skandia is enhancing its Platformwatch tool to enable advisers to carry out their own due diligence report on individual platforms.

Platformwatch, renamed yesterday from Pricewatch, currently compares six platform models, prices and charges.

But Skandia proposition marketing manager Jeremy Mugridge says the firm will add a suite of questions advisers should be asking platforms in order to build there own due diligence report in Q1 2010.

Mugridge says: “The FSA has told advisers that they need to do due diligence on platforms and it has given them a number of areas they need to look at. We have developed a number of questions advisers should be asking platforms and we will allow them to choose which questions they want to ask, and then build their own due diligence report.

“We know there is a demand for this out there because advisers are a little bit lost in terms of what they need to do when it comes to due diligence. It is in our interests to help advisers because we want them to make the right choice.”

Mugridge says Skandia will do “a month or two” of user testing before rolling out the functionality in full.

Recommended

3

Where big is best

Cofunds’ new charging structure for fund groups has raised concerns amongst some parties that the platform may see its investment universe shrink in size.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com