Auto re-reg to hit 80% of market by the end of summer

Research from financial services consultancy Altus suggested that, by the end of June, seven platforms representing some 53% of assets under mangement (AUM) in the UK were operating electronic account transfers and fund re-registrations. Based on the number of its other major clients going through the implementation process, Altus estimates this percentage will have risen to 80% by the end of the summer and potentially 95% by mid-2014. The research also found that 24 fund managers representing 61% of funds under management in the UK were supporting live electronic transfers at the end...