Skandia is to facilitate bulk transfers of business for ex-Honister advisers who have been reauthorised under a new firm.
After growing pressure from ex-members, the provider joins Aviva and Standard Life, who announced they would both allow bulk transfers last week. In an email to an adviser formerly authorised by Honister Partners, a Skandia representative said those involved "should be comfortable that such a transfer does not contravene any of their Honister contractual agreements". They will shortly be writing to all ex-Honister advisers outlining details of the process. It will not be necessary for each individual client to sign permission forms to move the business across. Skandia would be taki...
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