We use cookies to improve site performance and enhance your user experience. If you'd like to disable cookies on this device, please see our cookie management page.
If you close this message or continue to use this site, you consent to our use of cookies on this devise in accordance with our cookie policy, unless you disable them.

In association with

Home > Training > Adviser Guides

From Adviser Guide: Picking a Platform part 2

Q: Can an IFA use only one platform?

The FSA has issued a factsheet specifically on advisers using platforms and their independent status (factsheet dated 07/11).

By Emma Ann Hughes | Published Apr 04, 2012 | comments

It outlines good and poor practices from advisers using platforms and maintaining their independent status.

It clarifies that an adviser cannot call themselves “independent” if they recommend one platform regardless of their client’s needs.

An adviser can however use one platform for the majority of clients, provided they are mindful of other products across the market, according to Jeremy Mugridge, platform specialist of Skandia.

Most Popular
More on FTAdviser
FTA jobs
  • Business Development Manager

    Location: South East

    Salary: To £60,000 (including car allowance) + Bonus + Benefits

  • Financial Advisor

    Location: Geneva, Hong Kong, Dubai, France, Spain

    Salary: £60,000 + depending on experience plus performance bonus or competitive commission package

  • Equity Release Adviser - leads provided

    Location: West Midlands / Cumbria / Scotland

    Salary: To £27,000 + £4,560 car allowance + Bonus (OTE £45,000) + Benefits