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Evolution of Platforms - March 2014

    CPD
    Approx.60min

    Introduction

    This has led to predictions that there will be consolidation across the market, exacerbated by regulatory changes that continue to place pressure on advisers to scrutinise platform relationships and that seem to favour historically fee-based wraps offering a wider range of investment options.

    Next month sees the latest of the changes that began with the Retail Distribution Review implementation more than a year ago, when new business can no longer incur cash rebates and thus the business model of the larger platforms is consigned to history.

    The questions for advisers are how do they make sense of this evolving landscape to make appropriate long-term decisions for their clients - and more than this how must they now go about this process.

    This special report will explore the changing platforms landscape, covering predictions of consolidation, due diligence and the opening up of new investment options, and ultimately help you understand how these shifting dynamics are likely to affect your clients.

    This special report is sponsored by Alliance Trust Savings. All editorial is independent.

    In this special report

    CPD
    Approx.60min

    Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

    1. Why does Mr Okell believe transfers from supermarket to wraps is not as significant a threat as might be thought?

    2. Mr Okell says the declining cost of technology could actually cause the number of platform brands to increase

    3. Does Mark Polson say it is possible for IFAs to use a single platform and demonstrate suitability?

    4. What does Mr Bradbury say could provide the biggest client benefit over the longer term as a result of increased due diligence?

    5. What was the rise in platform purchases of investment trusts by advisers and wealth managers in the first nine months of 2013?

    6. What percentage of platform says in the first quarter of 2013 were made up of Oeics and unit trusts?

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