What needs to be done with SIPP re-registration?

While many areas of the financial advice market are automated and use ecommerce principles and standards to carry out electronic messaging efficiently and securely, there are still some areas yet to embrace electronic processes. A key area is re-registration of assets - the transferring of customer assets from one organisation to another without the customer having to sell and re-purchase their investment. This is also referred to as an ‘in specie' transfer. In its RDR policy papers the FSA has stated it is compulsory that companies holding customer assets through nominee arrangements...