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

AJ Bell signs up to The Platforms Association's transfer charter

AJ Bell signs up to The Platforms Association's transfer charter

After being missed off TPA’s initial list

Sophia Panayi
clock 28 September 2026 • 1 min read
Big players give The Platforms Association's transfer charter a miss

Big players give The Platforms Association's transfer charter a miss

AJ Bell and Parmenion choose not to sign up

Sophia Panayi
clock 25 September 2026 • 2 min read
Will the incoming stocks and shares ISA cash interest levy impact platforms?

Will the incoming stocks and shares ISA cash interest levy impact platforms?

Proposed regulations yet to clarify what is an ‘acceptable’ cash holding

Sophia Panayi
clock 15 September 2026 • 5 min read