Platforms need £40bn in assets to survive margin squeeze - Deloitte

The company said increased competition and reduced margins will force investment platforms to consolidate in order to survive, with the amount of assets needed to ensure platforms remain profitable rising as margins get eroded. Deloitte said the post-Retail Distribution Review (RDR) environment - dominated by clean share classes, an end to commission and visible terms between fund groups and platforms - would all hit platform margins. Andrew Power, lead RDR partner at Deloitte, said: "One consequence of the RDR is that margins will be squeezed with revenues for platforms likely to fal...