Alliance Trust Savings (ATS) has announced a £1.5m loss for the first half of the calendar year, following struggles with delays to its re-platforming project.
The platform is currently undergoing a major platform technology change from its in-house technology to an external provider - GBST. As part of the results posted this morning by parent company Alliance Trust, the firm said its losses were due to a delay in this tech switch and "a number of important changes designed to enhance longer-term performance through improvements to the operating platform and customer service". The flat fee-structured platform had previously posted a £0.4m profit in 2016. In response to Professional Adviser's market-wide re-platforming questionnaire, ATS s...
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