Why industry must embrace straight-through processing

technology platforms

If, as Sandler recommends, the industry was to move over to straight-through processing, administration costs to intermediaries could be cut by a quarter, saving £1.25bn a year

There is currently a huge amount of speculation as to what shape the investment industry is going to take over the next few years. It remains to be seen exactly what impact the various regulatory reviews and consultations will have, but what we can be sure of is that investment managers, product providers and distributors alike will need access to technology that can help reduce costs, increase business efficiency and improve customer service. Straight-through processing (STP) is one of the strategies that can help companies to achieve these objectives. In a recent survey of over 350 IFAs,...