Getting value for money on technology

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Paul Pettitt, managing director of Origo, says investing in technology is critical to survival in the market.

The industry is, without doubt, facing a huge challenge, not only with predictions of further tough times ahead for the economy but also due to the impending RDR. The RDR debate certainly has the media transfixed and pressure of exams, changing fee structures and headlines about a potential “mass exodus” of IFAs from the industry is bound to be taking its toll. Soaring RDR implementation costs and potentially falling revenue streams are among the biggest concerns for advisers in this respect. But one solution that is increasingly mooted as a key differentiator for adviser firms’ survival...

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