Platform re-reg system ready by next year - TISA

Last July, TISA established a committee to implement an agreed standard for platform to platform re-registration, with the UK Platform Group recommending ISO 20022 standards to be adopted. "We aim to greatly improve the re-registration process no later than 2012," says TISA director of portfolio and retirement planning Malcolm Small. "But we believe we can make real progress before then and deliver significant improvements by 2011." Its committee includes 30-40 industry figures from the Platform Group, wrap community and representatives from fund managers and the IFA firms. A separate...