Ascentric predicts re-registration 'chaos' following platform paper

Following HM Revenue & Customs' decision to tax rebates, a number of platforms headed by Skandia and Standard Life are pressing fund groups for preferential prices. But sales director Mike Morrow said the deals would cause widespread problems for smaller platforms looking to grab legacy business from more established players. "We recognise that asset managers may want to offer enhanced terms to the biggest platforms," he said, but that this should not be done through additional share classes. "We simply want a level playing field across the platform market. Any deviation from this ...