FCA calls for 'further progress' on platform re-registration

It follows a thematic review of platforms' readiness for new rules set to be introduced next month. From 6 April, platforms can only be paid via an explicit platform charge on new business. The FCA declared itself generally pleased with firms' progress, but it has singled out re-registration as an area that requires "further progress". "We have said and we expect firms to facilitate a transfer of investments from one platform to another within a reasonable time frame," FCA director of long-terms saving and pensions Nick Poyntz-Wright said. "In the course of our work, we found mo...