Providers: Grant Thornton letter won't affect Honister bulk transfers

In a letter sent to providers this week, Honister Capital administrator Grant Thornton warned that client agencies remain the property of Honister and the group will not approve bulk transfers at adviser level. However, Standard Life and Aviva, the two companies that have made public statements regarding their commitment to bulk transfers for ex-Honister clients, say this will not affect the situation.  Under normal circumstances these providers would have kick-started the bulk transfer process by cancelling the agency agreement with the adviser's firm,  network or the administrators,...