Digital disruption: Why platforms must sit up and take notice

Platforms face their own 'Kodak moment'

clock • 3 min read

When it comes to client income, platforms must innovate or risk being swept aside by tech challengers, writes Alistair Wilson

From Kodak to Blockbuster, big companies that failed to innovate have been swept aside by tech challengers. Digital disruption is a feature of our times - and platforms should take heed.  Since the government scrapped compulsory annuitisation last year, Association of British Insurers figures showed 63,000 retirees have moved £4.2bn into drawdown. As pensioners keep their pots invested into old age, advisers are looking for flexible ways to deliver income payments to clients and manage cash flow across different tax wrappers. But when it comes to getting money off platforms, the...

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