Almost 90% of advised platform assets are subject to some major form of business disruption which may cause advisers to re-examine their choice of platforms, platform experts the Lang Cat have estimated.

Financial Planning Today magazine recently conducted a reader’s survey, which found about 26% looking to switch platform because they felt the service failed to be adequate.

The platform sector needs shaking up, a leading analyst says, as he criticised increasingly ‘clunky’ interfaces and poor reporting for clients.