View more on these topics

Transact rated top platform by advisers

Transact has been rated top platform by advisers using The Platforum website.

IFAs assessed the platform they use, scoring them out of five in 10 categories.

The categories are support, quality of customer service, ease of doing business, quality of reports, general web usability, usefulness of online tools, choice of funds and tax wrappers, technical support, value of fees charged and general opinion and rating.

This quarter, for the first time, the IFA ratings have been combined with independent rating agency AKG’s financial strength assessments, giving the leaderboard a distinctly different look from the last quarter in 2010, when Nucleus was ranked top.

The latest table is based on the feedback of 850 IFAs and forms part of a quarterly survey of the platform market carried out by The Platforum.

Transact, which passed the £10bn mark of funds on its platform this year, has climbed two places from the final quarter of 2010 while Nucleus fell from first to fourth.

Standard Life rose two places to second and Skandia has gone from eighth to fifth. Novia fell the most places, going from second to seventh.

The Platforum director Holly Mackay says: “A com- bination of financial strength ratings and user feedback has placed Transact, Standard Life and then Elevate at the top of the new Platforum leaderboard.

It won’t be long until this is correlated with assets under management and, we suspect that within a year, these three will be next in the pecking order behind the three behemoths, Skandia, Fidelity and Cofunds.”

Recommended

16

Bank chiefs believe FSA staff “too junior”, says King

Bank chiefs believe the FSA staff tasked with challenging their risk-taking strategies are too junior for the role, according to Bank of England governor Mervyn King (pictured). Speaking in this morning’s Treasury select committee evidence session, King said he has been told by the chief executives of the UK’s major banks that the staff sent […]

2

Richard Pearson replaces Lund as Honister chief

Honister Capital has replaced chief executive Mark Lund with current chief operating officer Richard Pearson. Honister chairman Mark Tennant says Pearson (pictured) and Lund worked closely together leading up to and following the creation of the company. He says: “Having led the business from its launch through a successful first period of trading, Mark Lund […]

Passport - thumbnail

Thinking of expanding overseas?

Whether you’re a small company or an established larger employer, expanding overseas into emerging markets can be an extremely attractive prospect for growing your business. However, with this comes a duty-of-care requirement to any staff based overseas.

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