P1 Investment Services warns traditional financial platforms risk becoming outdated by tech-savvy competitors.

Traditional financial platforms are at risk of being outpaced by more agile, tech-savvy competitors, according to P1 Investment Services. The company warns that without significant changes, these legacy systems could become outdated. P1 stresses the need for a strong user experience and efficient technology to meet the demands of financial advisers. Meanwhile, advisers are urged to review clients' critical-illness plans, and partnerships aim to support financially stressed customers.