Progess report: Where are we now on re-reg?

The FSA has proposed making re-registration between nominee companies including all platforms compulsory from 1 January 2013. So how is the industry gearing up for 2013? Right now, most pension-to-pension and pension-to-annuity transfers are cash based. Customers’ assets are sold and all of the resulting cash is re-invested, leading to potential taxable events. Cash is fine for many transfers, but not all. Given the broad agreement in the industry that a significant amount of assets will transfer from place to place in the coming years, it is clear that a simple, quick and holistic wa...