The objective of this posting is to generate some discussion on the future direction of platform disclosure. The FSA DP 10/02 and accompanying Good and Poor Practice Report (GAPP report) http://www.fsa.gov.uk/pubs/other/gapp_report.pdf lays out the regulators thinking in how the future of platform and adviser consumer related disclosure should be.
In a recent Tweet (23rd October 2010) I quote Samuel Johnson, “I did not have time to write you a short letter, so I wrote you a long one instead, the new disclosure regime http://tiny.cc/bgogc“. The idea behind the Tweet was to initiate a thought process that redefining disclosure will require a product that delivers clarity and consistency to understand but completeness to ensure inclusiveness.
The report concludes that there was a general lack of customer