Latest - WRAPS / PLATFORMS

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  FCA issues new rules for transfer of assets between platforms

  13 December 2019

  The FCA has published Policy Statement 19/29 the FCA finalised new rulesfor transfer of assets between platforms. The Policy Statement follows on from the consultation paper CP19/12 issued in March 2019, on rule changes that aimed to make it easier for consumers to transfer their assets from one platform to another. The consultation was...

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  Standard Life enables ‘locked in’ drawdown pricing throughout retirement

  11 December 2019

  Standard Life has locked down platform charges for clients entering drawdown and also simplified its charging structure. From next April, advisers will be able to ‘lock in’ the fees their client pays when their percentage rate is at its lowest level, enabling clients who invest with Standard Life’s Wrap platform to benefit from lower...

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  Paraplanner launches platform cost comparison tool

  21 November 2019

  Lime Outsourced Paraplanning director and owner Rebecca Lucas has launched an online interactive tool which will allow paraplanners to quickly and accurately calculate and compare platform costs for clients.  Lucas says Wrapcompare takes into account the range of provider charges and how these are applied. The calculations are done on a month-on-month basis. The...

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  10 stories you might have missed in October

  1 November 2019

  Below we list 10 of the stories most read by paraplanners on the Professional Paraplanner website over the past month. If you’re not already receiving our insightful technical, regulatory and industry content into your inbox, sign up for our daily email alert HERE. And if you know any paraplanners who would benefit from receiving...

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  Paraplanner as Investment Committee Member

  20 October 2019

  Rob Kingsbury spoke to Martin Green, paraplanning manager at Chadney Bulgin, about being a member of the firm’s Investment Committee and what it entails. First published in the October issue of Professional Paraplanner Martin Green has been a member of the Chadney Bulgin Investment Committee since it was formed over a decade ago. The...

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  Platform due diligence – cyber security questions

  10 October 2019

  What cyber security-related questions should firms be asking their platform partner? The challenges that firms face to keep themselves and their clients data safe from modern day criminals was brought home this week with a warning from the FCA regarding a clone financial planning firm, posing as the real firm and trying to get...

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  Aviva ‘adds weight’ to Origo Integration Hub

  9 October 2019

  Aviva is the latest organisation to join the Origo Integration Hub, alongside names already using it like Prudential, Legal and General, Standard Life Aberdeen, LV, and others. There are now 19 users of the technology, with more in the pipeline the FinTech says. The hub, which launched in 2016, was designed to remove the...

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  “Far worse than we thought’ – impact on paraplanners and administrators of ineffective tech integration

  24 September 2019

  “We knew things weren’t great but it was far worse than we thought,” is how lang cat founder Mark Polson described the lack of integration between platforms, back-office and adviser software tools and the effect on the work of paraplanners and administrators. Polson was presenting the results of in-depth research his firm conducted on...

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