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th February 2021 2:28 pm
If a platform wants to thrive as well as simply survive, it needs scale to do so.
That has become more apparent in recent years with platform deals ramping up as everyone looks for ways to ensure they remain fit for purpose.
While today’s announcement that James Hay will acquire Nucleus may not have come as a complete surprise, combined with the former’s new “long-term strategic partnership” with platform technology provider FNZ, it does mark the start of a fascinating journey for both platforms.
James Hay’s deal with FNZ will go ahead regardless of what happens with Nucleus, although with Nucleus shareholders being encouraged to accept the bid, the platform merger is only likely to be derailed if the FCA decides not to give regulatory approval.