It's been a funny month since the last entry! After the near euphoria-inducing announcement from Cofunds that the UK Platform Group (UKPG) had got its act together and would be implementing an ISO-based platform-to-platform solution by the end of Q1 2008, came the not so surprising news that the UKPG had in fact agreed nothing of the sort. Quite when this body is going to get its story straight is anyone's guess but for what it's worth Nucleus would be throwing all its weight behind Cofunds on this one.
Unbelievably some are clamouring for the creation of new standards – there’s nothing like re-inventing the wheel while trying to create a closed shop!! It increasingly feels like the large legacy providers are seeking to close ranks to retain control of the market and to stop IFAs and their clients having free movement of their assets. I guess we’ll see how it pans out but it’s great to see the guys and girls at James Hay jumping on the bandwagon and making their thoughts known. Just earlier this week the group put out an announcement relating to the re-registration issue branding the beha...
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