Cofunds, which claims to account for more than a quarter of the UK platform market, with assets under administration of some £40bn ($65bn), found that 69% of those surveyed do not intend to offer such services, which allow clients to “self-serve” using tools available via adviser websites.
Just 17% of respondents already offer this option, Cofunds said, while the remaining 14% said they would provide it as a new service.
In a separate study published earlier this week, the UK’s Association of Independent Financial Advisers found that three-quarters of intermediaries either consider themselves RDR-ready, or are confident that they will comply with the new regulations by the end of 2012.
