 Some platforms pay decent rates on cash. Others trouser the "net interest margin" - when the interest they earn on platform cash is more than they pay on platform cash. This is something the FCA has flagged in a Dear CEO to platform providers when the rates have been unfair to Consumers.
So, advisers: if you like a platform, but don't like their cash rates, then consider smarter cash management solutions. Basic rate taxpayers: if your client is a basic rate taxpayer then use a money market fund. This is a way of accessing wholesale sterling money markets, whilst disintermediating the banks who have a regulatory requirement to hold money markets too. Additional or higher rate taxpayers: if your client is an additional or higher rate taxpayer then use near-term low-coupon direct Gilts. The capital and interest is guaranteed by HM Treasury, and the amounts are unlimited. Their low coupon means the bulk of the quoted "Yield To Maturity" is capital gains which are CGT exempt for Gilts, meaning higher overall Gross Comparable Yield relative to money markets and cash for higher rate taxpayers. By sticking to near-term (<3 year) gilts, there is very low (<3 year) duration risk. 
Although the Bank of England cut rates, long-dated Gilts yields are rising (so their values are falling).
Our latest monthly commentary for investing in UK gilts. Includes latest gilts UK news. Update on latest gilt yields. Changes in Gilt yield curve. Gilts auction results. Gilts ETF flows. For UK financial advisers.
 In this podcast for FT Adviser, Henry Cobbe explores the idea of an Operation Brit-Twist.
Listen to The Asset Allocator Podcast here 
Our latest monthly commentary for investing in UK gilts. Includes latest gilts UK news. Update on latest gilt yields. Changes in Gilt yield curve. Gilts auction results. Gilts ETF flows. For UK financial advisers.
Elston Consulting, the investment solutions provider supporting UK financial advisers, today announces the publication of its White Paper “Operation Brit-Twist: How the issuance of more Ultra Low Coupon Gilts could attract UK Retail investor demand to help reduce the size and cost of UK Government Debt. The white paper is available here.
Click read more to read the summary. 
Our latest monthly commentary for investing in UK gilts. Includes latest gilts UK news. Update on latest gilt yields. Changes in Gilt yield curve. Gilts auction results. Gilts ETF flows. For UK financial advisers.
Our latest monthly commentary for investing in UK gilts for UK financial advisers.
Includes:
Elston Portfolio Management offers direct gilt model portfolio service (MPS) for financial advisers, aimed at clients paying a higher rate of tax.
Elston explores how advisers can buy UK gilts directly for their clients In this article and CPD webinar.
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