James Hay blasts Platform Group over re-registration

It says the group is unnecessarily debating technology solutions, when re-registration can be achieved manually. “By insisting on a technology-based solution, it now leaves no option for advisers and their clients stuck on these platforms,” the wrap provider says. The UK Platform Group contains Cofunds, Standard Life, Fidelity FundsNetwork and Skandia’s Selestia wrap. Earlier this month, the group was at loggerheads over a new system solution, ISO20022, which would enable simplified asset re-registration. But James Hay propositions and eCommerce manager Chris Smeaton says the large provi...