More than £1bn now spent on re-platforming - the lang cat

Projects not done yet

Tom Ellis
clock • 2 min read

More than £1bn has been spent on adviser platforms changing their core technology providers, according to an estimate from the lang cat.

Multiple, ongoing re-platforming projects have dominated the conversation around platforms over the last couple of years. The expensive and extensive projects have proved immensely difficult to complete accident-free and advisers and their clients have often suffered inconvenience and issues as a result. With regard to project spends, some re-platformers have made public their costs, but others have not. Old Mutual Wealth has spent more than £300m on its move to FNZ technology and is set to spend £450m by the time it has completed its shift, while SJP  revealed in its results on Wednesda...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

FNZ launches adviser-focused AI tool as personalisation demand grows

FNZ launches adviser-focused AI tool as personalisation demand grows

Generative AI solution intended to cut admin time and help advisers meet Consumer Duty standards

Sahar Nazir
clock 19 August 2025 • 2 min read
Scottish Widows' Bold predicts adviser 'flight to trusted quality' in fragmented platform market

Scottish Widows' Bold predicts adviser 'flight to trusted quality' in fragmented platform market

‘There will be potential platform consolidation’

Jenna Brown
clock 18 August 2025 • 6 min read
Aviva platform net flows climb 28%

Aviva platform net flows climb 28%

Driven by higher adviser client retention and expanding direct wealth channel

Sahar Nazir
clock 14 August 2025 • 2 min read