Why some platforms are holding out on conversions

The move to a cleaner future is being hampered by a lack of clarity from the regulator, leaving some platforms in danger of lagging behind.   The Financial Conduct Authority (FCA) is preparing to release its final rules for clean share class conversions as platforms have pointed to the weak spots which exist in the current guidance. Aviva has recently said it cannot move forwards with its plans for bulk transfers of clients to clean share classes until the regulator provides greater clarity over the basis for determining detriment to the end consumer. Aviva head of platform propos...