Key FSA rules a barrier to platform-based business

Several key FSA rules are stopping advisers from adopting platform-based business models, according ...

Several key FSA rules are stopping advisers from adopting platform-based business models, according to the UK Platform Group. Formed at the end of last year by Cofunds, FundsNetwork, Skandia, Selestia and Standard Life, the committee has submitted a paper to the FSA outlining the areas it feels should be addressed. In the paper, the group said the current product-led regime is outdated and acts as a drag on the market's ability to reshape itself in the interests of investors. It outlined areas that, if addressed, would ensure the regulatory framework reflects the changes in the market and...