So far in this series, among other topics, we have looked at why more than £800m is set to be spent on re-platforming and why current projects have so far incurred average delays of more than 12 months. So, asks Tom Ellis, how prepared are platforms and their workforces to move hundreds of billions worth of client assets to new technology and complete these re-platforming projects?
While the sector's experience has not been reflected in platforms' ability to avoid project delays, the lang cat market analysis manager Terry Huddart says the industry is learning from its mistakes and will ultimately be successful. "As more of these major platform upgrades have been happening over the years, the collective experience of those in the industry delivering the projects is growing with it," he explains. "I expect to this to be reflected in how well they are ultimately delivered, it's just human nature that lessons are learned. The sector is a village, so both permanent a...
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