Skandia to allow Honister bulk transfers

clock

Skandia is to facilitate bulk transfers of business for ex-Honister advisers who have been reauthorised under a new firm.

After growing pressure from ex-members, the provider joins Aviva and Standard Life, who announced they would both allow bulk transfers last week. In an email to an adviser formerly authorised by Honister Partners, a Skandia representative said those involved "should be comfortable that such a transfer does not contravene any of their Honister contractual agreements". They will shortly be writing to all ex-Honister advisers outlining details of the process. It will not be necessary for each individual client to sign permission forms to move the business across. Skandia would be taki...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

'Don't think of consolidation as the end of independent advice. It isn't'

'Don't think of consolidation as the end of independent advice. It isn't'

Continuity before everything else

Tom Rowe-Jones
clock 02 September 2026 • 5 min read
SENDA calls on profession to share how it supports families with disabilities

SENDA calls on profession to share how it supports families with disabilities

Part of white paper launching in November

Isabel Baxter
clock 02 September 2026 • 2 min read
Plannex memberships boosted by 'out of the blue' Reddit influx

Plannex memberships boosted by 'out of the blue' Reddit influx

Without spending a penny on the social media platform

Isabel Baxter
clock 01 September 2026 • 5 min read