SJP breaks £200m barrier in re-platforming move

SJP's latest results showed the firm has spent a total £201.2m on what it referred to as an "operational readiness project" - its new Bluedoor platform - while it spent £15.2m on the project in the first half of 2018. The advice giant said it has now "broken the back" of its multi-year project after it successfully migrated its pensions drawdown book of business onto the Bluedoor platform May. It also said more than 70% of new business is now written on the new platform, while 39% of all funds under management were recorded on the new system. The cruel reality of re-platforming I...