Standard Life duo: It is becoming difficult to take a one-size-fits all approach to platforms. We want to make this a two-way conversation to build better outcomes

PARTNER INSIGHT: Noel Butwell, distribution director and David Tiller, head of aAdviser and wealth manager propositions at Standard Life, explain how the business is evolving from a traditional product provider to working in direct partnership with advisers and helping them deliver better client outcomes.

What are the key regulatory challenges for advisers as 2018 approaches?  David Tiller: The two biggest and most well-documented challenges as we approach 2018 are MiFID II and the General Data Protection Regulation (GDPR). The breadth and depth of the demands on advisers and platform providers from both of these regulatory challenges will require significant time and effort, and we are receiving increasing requests for information and support.  Ultimately the impact, for advisers and providers alike, is more work. There are changes required to internal processes, an even greater deg...