“I do not know about likely but it is very possible in 10 years’ time we could have a disruptor entering the UK market, either something like the very sophisticated investment platforms you see in China, for example, or perhaps a retail player like Amazon or Facebook that would really shake things up by consolidating portions of the market," he explains.
“I would expect to see the market dominated by a small number of large platform companies in years ahead, much like in the US, alongside lots of niche offerings from smaller platforms.”
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Christine Dawson is a freelance journalist
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