The future
Looking ahead, Mayor stated that he expected to see “elevated outflows” across product wrappers to continue in 2024, which he believes will present revenue challenges for platforms.
“Alongside lower net sales, increased scrutiny of cash is also likely to impact revenue for a fair few platforms, and the trend for platform charges is only going down,” he added.
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“As a result we think more platforms will pivot to other revenue making avenues, with a few more exploring vertical integration to some level.”
tom.dunstan@ft.com
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