Platforms: Why the old life company model just doesn't work

Why the old life company service model just doesn't work

The world of platforms has changed immeasurably since RDR, so what's next for the various models on offer to advisers and clients? Richard Budnyj takes a look...

For many years understanding the cost of buying an investment product was a challenge. The Retail Distribution Review (RDR) brought more clarity and easier comparison, which has led to a price war between the providers, but are current pricing levels sustainable? In the post-RDR world, consumers, whether advised or non-advised, can now compare the total cost of purchasing an investment product more easily. Although the cake may look the same on the outside, the ingredients now get more scrutiny prior to purchase. In simple terms, the ‘product' cost for the investor can be broken down ...