Earlier this week it was revealed re-platformers have spent north of £1bn on their messy, long-term projects in recent years. Instead of trying to revamp platform tech, however, what else could £1bn get you?
Re-platforming projects have proved expensive and extensive for a number of players over the last couple of years. They have also been immensely difficult to complete accident-free and advisers and their clients have often suffered inconvenience and issues as a result. Some re-platformers have made public their costs, but others have not. Old Mutual Wealth, for example, 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 Wednesday it had now spent more than £230m on its long-term te...
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