FundsNetwork: platform pricing to converge at 30bps

It said 2013 would be a "game changing" year in the platform market, which culminates in the implementation of the Financial Services Authority's (FSA's) platform paper. Consolidation was inevitable, the platform said, with prices likely to converge at about 30bps for most services. "Platforms are going to have to differentiate themselves in order to drive future business," said Paul Richards (pictured), head of FundsNetwork sales. "Platforms will continue to need to satisfy more significant and complex demands from their customers, and this, coupled with the regulatory scrutiny, w...