A big victory for the little guys

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I was fantastically pleased to hear this week that the UK Platform group has finally agreed to work on a long overdue solution to allow platform to platform to reregistration.

From Q1 2008 advisers and their clients should be more in control of their assets than ever before. I have always wondered how long ‘the establishment’ of the life industry could continue to resist changes to the process on the grounds of difficulty and process when the only real barrier, as far as I could see, was a lack of commercial will. While there are of course operational reasons why bulk re-registration is a non-trivial exercise I just cannot understand how providers can refuse to re-register single client holdings while remaining within: the law, and the boundaries of the FSA...

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