TRAP: The Real Adviser Podcast cover image

41 - SJP et al: Big Brands, Big Challenges

TRAP: The Real Adviser Podcast

00:00

Ethical Concerns in UK Platform Practices

The chapter explores the issue of double dipping cash accounts within UK platforms, where companies profit by charging platform fees and retaining a portion of client money. It discusses the Financial Conduct Authority's deadline for platforms to address this practice, leading to last-minute changes by some companies. The conversation highlights ethical concerns surrounding this profit-making practice and advises advisors to consider moving funds to platforms for better client outcomes.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app