FundsNetwork to add re-registration facility online at start of next year

FundsNetwork is close to adding an online in specie transfer facility and will have a monthly savings plan in place by the start of next year. The introduction of an online re-registration facility, another name for in-specie transfer, which is due to take place early next year after systems testing is complete, would give investors and brokers a simpler and quicker route to transferring fund holdings onto the supermarket. Currently, investors and brokers wanting to move clients' Peps and Isas or fund holdings onto the platform have to sell their holdings and then re-buy them via the su...