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Technology packages can cut wrap costs

Platforum says firms looking at launching a corporate platform should use off-the-shelf technology to avoid high costs.

In its corporate platforms white paper, Platforum says the cost of running platforms is significant and new entrants should buy in their technology.

Managing director Holly Mackay says: “There are very few providers who should be assessing an internal build as the availability of outsourced partners today is both wide and varied.

“We have seen many players in the past make strategic decisions to build platforms based on appealing potential growth charts, only to fall foul of crippling IT build costs.”

Threesixty partner Phil Young says: “Given the need for corporate wraps to take and aggregate policy data from competing insurers, it may be easier to use an outsourced third party to undertake this back-end work.”

Finance and Technology Res-earch Centre director Ian McKenna says: “If several major org-anisations all buy from the same supplier, there is a risk that they will lose their own identity.”


Adviser Fund Index

Investors hoping to determine the strength of the US recovery have received mixed messages recently. The Federal Reserve’s decision to raise its discount rate by 25 basis points on February 18 prompted fears of tighter monetary policy. However, a downbeat assessment of the economy from Ben Bernanke, the Central Bank’s chairman, forecast inflation would remain […]

Home improvements

First-time buyers whose finances fall short must look at alternative ways to boost their chances of securing a mortgage

LibDems reject Tories’ care scheme

The Liberal Democrats have attacked Tory plans for residential social care at a cost of £8,000, following research showing 66 per cent of pensioners do not have this level of assets, excluding their homes.

India correction: a terrific entry point?

By Kunal Desai, head of Indian Equities, Neptune A key concern for investors who were looking at India afresh has been the rich valuations and strong prior performance. We view the correction in the market through short-term growth concerns from demonetisation as a terrific entry point for the long-term investor. Investors should not be overly concerned […]


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