Last summer Professional Adviser undertook a re-platforming questionnaire and wrote an 11-strong series of articles off the back of it, but one of the re-platformers was missing. Not any more ...
At the time of our extensive survey, Old Mutual Wealth (OMW) said its mid-project decision to move to FNZ instead of IFDS technology was too fresh to let it properly take part in the survey, but now it has finally returned the questionnaire and offered more detail on its project. OMW is currently re-platforming from proprietary technology to platform tech giant FNZ, which is expected to cost the life and investment company a total of £450m to £490m. Some £120m-160m of that total expenditure relates to the move to FNZ, while the rest was spent on earlier work on its initial plans to move...
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