Technology to 'reduce cost of investing by 75bps,' predicts Altus's Hugo Thorman

Thorman, who was chief executive for the Ascentric platform for nine years before becoming chairman of technology firm Altus, said: "The platform and financial services markets face exciting times - there is an increasing opportunity to reduce costs to the end-client, with full automation now a viable prospect. "Administration, investment management and advice costs will all be massively reduced by automation. A fully integrated back office and open standards around client data - used in part to populate the pensions dashboard - would enable the efficient exchange of information and fund...