Long ReadOct 1 2024

M&G exit, Scottish Widows merge: Have we reached peak platforms?

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M&G exit, Scottish Widows merge: Have we reached peak platforms? — "We will exit our adviser digital platform," M&G said in its half-year 2024 results. (Neil Hall/EPA-EFE/Shutterstock/FT Fotoware)

Chloe Cheung

M&G and Lloyds Banking Group are among a number of names to have acquired a platform in recent years, having bought Ascentric and Embark in 2020 and 2022 respectively.

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M&G exit, Scottish Widows merge: Have we reached peak platforms?

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