‘Disruption for advisers’: The outlook for platforms in 2022
By Jessica Tasman-Jones, 7 Jan 22
From M&A to tech integration, investment platform professionals give their views on the year ahead
“Platforms may now be a mainstay of the UK financial services but as a once famous song goes, ‘We’ve only just begun.’
“Way back in 2015, pensions freedoms were sprung upon us and to date platforms have not felt the full impact of what this means. Platforms have been the way many people accumulate their wealth but we are now at a tipping point where platforms will be how they decumulate – or put into English, platforms will effectively be the source of a client’s income during retirement.
“This will mean that for many people, their various pots of money that have been built up over a lifetime of working will be consolidated onto a platform. Then, after discussion with a brilliant financial planner their investments will be structured in the most effective way to generate the income they need to live and in some cases, left to their dearly beloved.
“What does all this mean for platforms? Well, we’ve only just begun!”
Tags: 7IM | Praemium | The Lang Cat
