A 19-minute watch.

Ian Taylor, chief of platform Transact, chats to Lee Robertson on the FCA’s recent Investment Platforms Market Study, illiquidity in open-ended funds, and his view on the regulatory cycle and pension transfers. 

Commenting on the FCA’s recent platforms paper, his says the phrase ‘relatively benign’ crops up frequently amongst peers when referencing its findings. He describes the ‘blurred lines’ in defining incumbents and how this doesn’t help when applying fair regulation to platforms. He then offers this own three definitions that would help address this fairness issue.

On the issue of illiquidity in property funds in 2016, Ian makes the point that lessons were learned but that it didn’t attract as much attention because of the ‘personalities involved’. He makes the point that as a platform it would be very hard to vet all of the funds offered, which is why they remain ‘scrupulously neutral’.

Asked if advisers have too much on their plate when it comes to due diligence of funds, Ian makes the point that the ‘doctrine of the possible has switched to the doctrine of the ideal’. He then gives his view on the regulatory cycle.

For more from Ian, he speaks on these issues further at Next Wealth Live on a panel of platform CEOs.