More than half of IFAs shun 'complex' platform transfers: report

clock • 2 min read

More than half (56%) of financial advisers that were questioned about platform transfers feel "constrained" from recommending a transfer because of "administrative complexity and cost", according to a study published today. The report - conducted by the lang cat and AJ Bell - was designed in a bid to help financial advisers facilitate platform transfers, has unearthed a "head in the sand" approach from the majority of UK advisers when it comes to transfers, a point that Andy Bell, chief executive at AJ Bell, highlights. "I have a lot of sympathy with advisers when it comes to platform...

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Gary Robinson

Commercial Director, Head of Video at International Investment.