Platform prices will continue to decrease over the next five years as the sector struggles to make pricing change, according to financial consultancy the lang cat.
The consultancy firm compiled a list of seven predictions for the future of pricing in the advised platform market, that included a lack of pricing pressure from the regulator and a dearth of fixed-fee pricing models. Lang cat insight director Steven Nelson said: "The sector simply isn't in the right place to drive forward meaningful disruption in terms of price, with many mainstream platforms still resembling the older operating models of products/insurers where many tools and services outside of core custody and investment administration come with extra costs." Nelson predicted that...
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