Platform tech provider GBST's assets break £100bn barrier

GBST provides technology to Alliance Trust Savings (ATS), AJ Bell and Novia, as well as to Aegon and its new platform (formerly Cofunds). The latter has struggled with a number of issues since it shifted more than £35bn onto GBST technology from IFDS and proprietary software in May, while ATS has also come across difficulties and delays in its ongoing project to be powered by Composer technology. David Simpson: Platforms still playing catch up on decumulation Looking at the split of assets GBST holds on its technology, the firm said assets in pension wrappers account for two-thirds...