The spokesman for Novia says: “We are not in a position to comment on what other platforms have in place, but as far as Novia is concerned, we are on track for all the changes.”
Allfunds, a pan-European funds platform, has already made a Mifid-II compliant share class analysis tool available for clients, which will provide key product details, and created ways to help support distributors compare and select funds digitally.
Mr Wilson adds: “With platforms developing different solutions for Mifid II, it is essential advisers understand how the platforms they use are planning to respond.
“This may involve advisers re-doing part of their platform due diligence to ensure they are not caught out.”
Simoney Kyriakou is content plus editor of FTAdviser
