Feeney: most platforms behind the curve on re-reg

The Skandia platform achieved an adjusted operating profit of £2m in 2012, with assets climbing 20% to total £22.6bn. However, on the downside, sales for the platform fell to £2.1bn last year from £2.8bn in 2011. Feeney, speaking to IFAonline's sister title, Investment Week, said the decline was not down to any impact from re-registration as rival providers do not have adequate systems in place to poach client business and re-register it. "We are one of the only platforms in the market which can capture electronic re-registration. The majority of the platforms out there cannot do i...