Going automatic

The ability to move assets from one platform to another is expected to become easier as the industry works towards the implementation of agreed standards to automate the process. Already platforms have agreed communication protocols for electronic messaging but working parties are still sketching out how these will work in practice. The issue has become vital as IFAs look to consolidate, have greater flexibility over client holdings and the FSA steps up its concentration on the services on offer by platforms. The topic of re-registration does not just involve the platforms. Life compa...