AJ Bell has confirmed it will be one of the first major platforms to go live on Origo's Options re-registration service.
The platform provider's marketing director Billy Mackay [pictured] said RDR has increased the focus and demand for efficient re-registration of assets on and off platform.
Options Re-registration enables in-specie re-registration of assets. It was developed from Origo's Options Transfers service, which orchestrates pension transfers.
Mackay added: "The principal RDR carries through and FSA [requirements] are the key drivers for improving. The FSA are looking at the ways to improve, enhance and make it quicker to allow clients to transfer cash and assets between providers. They have talked about re-registration being an issue in the platform space."
He said he expected the service to provide better outcomes for advisers and their clients.
Richard Clark, head of marketing at Origo said: "The service is going live as we speak. AJ Bell will be one of the first to go live, as a lot of automated re-registration services will be going live at the back end of this year or early next year. Ours will be the first to do that.
"At the moment, advisers may find the [re-registration] process frustrating and quite lengthy at the moment. Through our service customers who want their assets to remain invested throughout the transfer process can do so in a quick manner."
Clark said other platform providers had joined the service but he could not provide details at this stage.
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