St James's Place (SJP) has completed the migration of all UK business onto its Bluedoor platform, taking the firm's total re-platforming costs past £240m.
In May, the restricted advice giant completed the migration of its older pension plans. Then, over the weekend of 20-21 July, it successfully migrated a £22.2bn tranche of investment bond business. By June 2018, SJP had broken the £200m re-platforming costs barrier but, after spending £20.6m on the project in the second half of 2018 and another £22m in the first six months of 2019, it has pushed past the £240m mark. It has now spent a total £243.8m on the project. Now the migration to the new Bluedoor platform has been completed, SJP added, the dual running costs should fall away towa...
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