Mark Polson: Why 2018 was a tipping point for the platform sector

Five-point trust manifesto for providers

clock • 5 min read

2018 will best be remembered as the year that re-platforming broke, writes Mark Polson - or possibly the year that broke re-platforming

This has been the biggest year in platforms since the Retail Distribution Review. We have had four IPOs plus the arrival of MiFID II, PROD and the Investment Platforms Market Study Interim Report - all on top of greater market volatility than we have seen for many a year. Yet 2018 will best be remembered as the year that re-platforming broke, or possibly the year that broke re-platforming. With several platforms undergoing largescale, multi-year tech projects, re-platforming has been an ongoing theme for the industry, but 2018 was a definite tipping point. This year the lang cat's Advise...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

How adviser platforms bridge Consumer Duty and vulnerable client care

How adviser platforms bridge Consumer Duty and vulnerable client care

'For vulnerable clients, the concept of value for money takes on heightened importance'

Darren Winfield
clock 16 December 2024 • 5 min read
Platform due diligence: A comprehensive approach

Platform due diligence: A comprehensive approach

Due diligence is more than best practice it is ‘fundamental'

Stephen Ford
clock 18 November 2024 • 4 min read
Adviser platform net sales hit £3.1bn despite spike in lump sum withdrawals

Adviser platform net sales hit £3.1bn despite spike in lump sum withdrawals

Assets rose to £683bn in best third quarter in three years

Isabel Baxter
clock 15 November 2024 • 4 min read