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...
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