Financial Planners are no longer using cost as the main factor when selecting platforms, according to evidence in the latest Platform Report in the current Financial Planning Today magazine.

The latest report from platform and fund research house Fundscape has revealed that passive funds were the clear winners in 2019 fund sales in a tough year for many groups.

Many platform providers and experts have welcomed the FCA’s potential ban on platform exit fees but some have warned that a level playing field is needed to ensure platforms are not disadvantaged.