What's keeping platforms up at night?

It's not easy being a platform. You might think that in the sunlit uplands of 2025, where technology rules supreme, it might be getting easier. Not quite, I'm afraid. Because wherever you look, regulatory headwinds are blowing. For a start, the FCA is, finally, catching on to the potential perils of consolidation. An October letter confirmed it was probing everything from governance and oversight to capital levels. Clients might be worried their new private equity overlord might jack up fees, cutting service levels and shoehorn into its in-house funds. Platforms might be worried that ...