Ascentric delayed re-platforming SIPP clients at the eleventh hour

Less than two weeks before migration

Tom Ellis
clock • 2 min read

Ascentric gave its adviser users less than two weeks' notice it would not be migrating decumulation SIPP clients to its new platform on 26 November - the date they were originally supposed to be re-platformed.

The Royal London-owned platform said three-fifths of its adviser users would be unable to trade for a week, or rebalance portfolios for some clients for a fortnight between 13 and 26 November. This was a precaution while it migrated clients to its new platform. Despite receiving these warnings about reduced functionality weeks in advance, advisers were then told on 16 November that self-invested personal pension (SIPP) decumulation clients would instead be transferred to the new platform in early January in a different phase of the re-platforming move, though SIPP accumulation clients wo...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Aberdeen's Kenny: 'We are not just going to switch Elevate off'

Aberdeen's Kenny: 'We are not just going to switch Elevate off'

Admits adviser communication on Elevate has been lacking

Jenna Brown
clock 10 June 2025 • 4 min read
Schroders UK Platform Awards 2025: Entry closing date fast approaching!

Schroders UK Platform Awards 2025: Entry closing date fast approaching!

Shortlists will be published in early July

Professional Adviser
clock 05 June 2025 • 1 min read
Parmenion group operating profit rises to £17.5m in 2024

Parmenion group operating profit rises to £17.5m in 2024

Platform’s flows doubled during the 12 months to 31 December

Jenna Brown
clock 03 June 2025 • 2 min read