Three ex-Honister providers will continue to accept bulk transfers despite MacRobin's assertion that there are legal and practical issues that should prevent them from doing so.
These providers are Standard Life, Skandia and Aviva. All three providers have said their position on bulk transfers remains unchanged following a release from MacRobins this morning arguing that there are "practical and legal reasons" why providers should not accept bulk transfers. Specialist corporate IFA MacRobins bought Honister client trail and pipeline commission from Honister's administrator Grant Thornton earlier this month. Standard Life said: "We consider that our approach is supportive of the advisers of Honister and in the best interest of our customers and that approa...
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