Nearly 50% of the UK's adviser community wants platforms to carry out bulk switches to clean share classes for their clients, research from FundsNetwork has discovered.
Carrying out a survey of its users, the platform found 44% of advisers felt platforms should help them transfer bundled to clean share classes ahead of the 2016 deadline by automatically converting clients. Advisers are being squeezed by increasing regulatory costs and more administration, and face yet another major task to get clients' permission to convert them out of bundled and into clean share classes by April 2016 when legacy trail commission is switched off. Consequently, many want platforms to take a lead on the issue, the research from FundsNetwork found. FundsNetwork's su...
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