PA360: Platforms' value for money 'hard to gauge' - David Ferguson

Speaking on the great platform debate panel at PA360, Ferguson said most platforms are held down by things like start-up costs, re-platforming costs and the like, which could possibly hold them back for the next 10 years. "It's really hard to say value for money because, the reality is, the average investment in these things [platforms] is £200m and you need to charge 35 basis points to make back that money - even if you're cross-selling your own funds - so it's really hard to judge if they're value for money or not. "Obviously those organisations and the execution they've been throug...