Greater profit margins forecast for European fund platforms

The report says that scale, global expansion and cost control are the three areas likely to improve profits. “There is also a general consensus that many groups are looking to outsource non-core functions, and so the pipeline for platforms in Europe is looking healthy,” according to Edouard Bokuetenge, Chairman of the FPG. In terms of specific regulatory costs, European fund buyers, sellers and platforms believe MiFID II will have the most significant impact on their cost bases out of all forthcoming regulation. This was followed by UCITS IV for fund buyers and fund platforms and Solvenc...