Nearly 50% of the UK's adviser community wants platforms to carry out bulk switches to clean share classes for their clients, research from FundsNetwork has discovered.
Carrying out a survey of its users, the platform found 44% of advisers felt platforms should help them transfer bundled to clean share classes ahead of the 2016 deadline by automatically converting clients.
Advisers are being squeezed by increasing regulatory costs and more administration, and face yet another major task to get clients' permission to convert them out of bundled and into clean share classes by April 2016 when legacy trail commission is switched off.
Consequently, many want platforms to take a lead on the issue, the research from FundsNetwork found.
FundsNetwork's survey - which questioned more than 200 advisers - also found the biggest immediate threat facing its users is yet more regulatory change.
Jon Everill, head of advisory services at FundsNetwork, said: "It is clear the conversion of bundled to clean share classes represents one of the biggest tasks for advisers over the next few years.
"The survey suggests advisers would favour being in control of moving clients in the short term, but would appreciate their platform helping them to bulk convert closer to the deadline."
Following the announcement of the rule changes last April, platforms warned as many as 40 million switches might have to take place, a huge task if bulk conversions are not allowed.
FundsNetwork also found advisers are outsourcing their investment decisions more and more, with 64% backing managed solutions such as multi-manager funds as a "robust" and easy to understand solution for clients.
Ben Waterhouse (pictured), head of retail sales at Fidelity Worldwide Investment, said: "The continued growth of model portfolios and managed solutions demonstrate many advisers are successfully developing their investment proposition to suit the fee-based world."
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