‘Disjointed’ MPS management on platforms lead to unreliable outcomes moneymarketing.co.uk/news/disjointe…

Keeping MPS clients in focus – a new whitepaper from NextWealth and Criterion has been published. This report explores the issues around the explosion of MPS, and where ownership of the problem and solutions lie. criterion.org.uk/whitepapers/ke…

Operational issues with MPS should not dictate client outcomes on.ft.com/3KUhpXD

A new report from Criterion and NextWealth has highlighted the need for a shake-up of MPS systems and processes if consumers are to receive the best outcomes professionalparaplanner.co.uk/mps-operationa…

DFMs take between a couple of hours up to 100 hours every month to manually conduct a rebalancing for the model portfolio services they’re managing. This can be a laborious, costly, and risky process. criterion.org.uk/whitepapers/ke…

According to NextWealth's latest MPS Proposition Comparison report, assets in discretionary models or MPS grew 28% in the year to March 2024, to reach a new high of £123 billion. criterion.org.uk/news-and-event…

Paul Wood, Aviva UK, discusses Aviva’s involvement in our MPS Standards and how platforms can benefit too. criterion.org.uk/mps-standards

We completed the Coast and Castles (North) route and raised £7,000 for Waverley Care. A huge thank you to everyone who has supported us. criterion.org.uk/news-and-event…

Our MPS MI Reporting Standards are available in API format and CSV. This means that those DFMs that don’t have the integration capabilities in-house, can still use our Standards for more streamlined reporting.

A new industry group, Fix LoA Action Group (FLAG), has been formed to help the industry collaborate and fix the inefficiencies with Letter of Authority processes. criterion.org.uk/news-and-event…

Rebalancing is an essential task. However, it’s manual nature can cause significant risk of errors and sometimes negates the reason for doing the rebalance. Using the MPS Standards would enable a more automated solution and mitigate these risks. criterion.org.uk/mps-standards

Mark Northway, Sparrows Capital, discusses the growth of MPS and highlights that although Financial Conduct Authority hasn’t acted yet, as MPS grows, this may be something they address in its Platform Supervision Strategy. adv.portfolio-adviser.com/how-will-the-m…

The Criterion and NextWealth whitepaper highlights industry efficiencies that urgently need fixed with the growth of MPS. So, what is next?criterion.org.uk/news-and-event…

We have published the Equity Release Apply Standard. This Standard enables a more automated application process, reducing the risk of errors and providing the end consumer with a quicker turnaround. criterion.org.uk/news-and-event…

The first FLAG meeting for improving the LoA processes took place. Discussions centred around what the barriers for providers were, and the next steps needed for the industry to become more efficient. criterion.org.uk/news-and-event…

In aid of World Hepatitis Day, Criterion was at Waverley Care's residential support centre, Milestone, volunteering to support the Waverley Care team with gardening its extensive grounds. criterion.org.uk/news-and-event…

LoA and the potential solutions that are ready to be adopted by the industry are discussed by Tom McPhail. tomgh.podbean.com/e/letters-of-a…

30 years ago, we developed the industry’s first Standard. Mairi Maclennan, Standards Quality Assurance Manager, has been around our Standards since inception and discusses the development of the EDI Commission Standard. criterion.org.uk/news-and-event…

Julie Best, NextWealth, explains the responsibility of customer outcomes of MPS primarily sits with advisers, who, even if they outsource the management of their clients' investments, must conduct due diligence to ensure that DFMs have efficient processes in place.

The FCA's Consumer Duty rules were introduced just over a year ago, but have firms opted to listen to the FCA’s urge for better transfer times and joined the STAR initiative? joinstar.co.uk/consumer-duty-…