Pensions and insurance provider Aegon has said it will accept requests from former Honister Capital IFAs to transfer in bulk the advisers' clients to their new employer.
It follows the unprecedented move by Honister administrators Grant Thornton to approve the sale of Honister advisers' pipeline commission to corporate advice firm MacRobins. Aegon said it has been in "continual communication" with both Grant Thornton and MacRobins and wants to ensure it is acting within its contractual obligations. But it said it wished to support Honister advisers where it could and would accept bulk transfer requests from Honister advisers who are registered with a new agency and who have negotiated a transfer. Aegon's position reflects that of other providers, i...
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