Bringing you live news and features since 2006 

GBST grows UK assets on Composer wealth management platform to over GBP150bn in 2020


Assets on GBST’s Composer platform grew by 12 per cent to just over GBP150 billion and active accounts increased by 8 per cent to reach 3.2 million in the year ended December 2020. 

The increase in assets reflects the continued success of the UK wealth management clients supported by GBST’s robust, scalable technology.

Assets on the platform within pension wrappers, covering both accumulation and at retirement propositions, grew by 16 per cent, and now stand at 65 per cent of all assets on Composer. This compares to an average of 47 per cent across all advised platforms and reflects GBST’s strength in the at-retirement market. During 2020, the technology provider significantly enhanced its annuity capability to provide greater flexibility to meet consumer demand for guaranteed retirement income solutions alongside pension freedoms access.

Over the last 12 months, GBST also commenced the final phase of its technology upgrade and digital transformation programme. This phase moves the Composer® platform to the latest cloud-based technology, allowing clients to benefit from increased integration options and lower technology operating costs alongside a more intuitive user experience. The upgrade also introduces a range of new developments, while continuing to provide access to all existing functionality. The transformation is progressing on schedule, with two major releases already successfully deployed on the new architecture.
David Simpson, Head of EMEA, GBST, says: “Alongside our technology transformation and digital upgrade programme, we also continue to develop and implement to a roadmap that meets evolving client and market needs. We recently extended our annuity functionality and are exploring exciting opportunities around robotics and artificial intelligence which we’ll be piloting throughout 2021.”
Robert DeDominicis, CEO, GBST, adds: “2020 saw us focused on delivering exceptional client support in a challenging year, while maintaining a business-as-usual approach, and we are delighted that our clients have experienced significant growth of assets on our Composer® platform. We are committed to continuing to grow our organisation, having hired 30 people in the last six months across all our regions and renewed and expanded several key client partnerships over the last year. We believe the prospects for GBST to advance and prosper in 2021 remain strong.”

Latest News

ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..
Investors urgently need greater access to diversified investment strategies aligned with the Paris Agreement on climate change if the world..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by