View more on these topics

Platforms blame fund managers for re-reg delays

Skandia UK managing director Peter Mann

Certain fund managers are to blame for slow re-registration times, according to platform experts. 

Speaking at the Money Marketing re-registration round table last week, Skandia UK managing director Peter Mann said fund managers could be the “sticking point” for re-registration that was taking too long.

Mann said: “People who quite often think re-reg is just between the two platforms when in fact it is fund managers who sometimes are the sticking point. They are an often forgotten problem.”

International Financial Data Services group chief executive David Moffat said: “The problem we have is that we have got over 40 fund groups to support. Of those 40, some 12 or 13 are fully automated with another 12 or 13 going through the process of becoming automated. Fund managers are the rather vital third wheel in the re-registration equation.”

Moffat went on to say there was still work to do to make fund managers aware of the role they have to play in re-registration.

He said: “The Tax Incentivised Savings Association has had work to do to get the word out that re-registration is not just a platform to platform issue.”

Calastone director of client relations Anna Graziano said: ”I think there is an educational process to go through to make the fund managers aware and even now we are getting calls from fund managers asking exactly what the process involves.”


FTSE opens 1.2% ahead after Fed stands by QE

Stocks have risen after the minutes of the Federal Reserve’s latest monetary policy meeting showed it plans to keep stimulus measures in place for the foreseeable future. Although “about half” of the Fed’s 19-strong Federal Open Market Committee think its $85bn-a-month quantitative easing programme could be phased out by the end of the year, the […]

How will Aberdeen emerge from the EM sell-off?

Emerging markets have suffered a tough few weeks after investors retreated from the space, which has coincided with a sharp fall in Aberdeen Asset Management’s share price. The MSCI Emerging Markets Index has dropped 12.3 per cent since the end of May, when Ben Bernanke first suggested the Federal Reserve could start to taper quantitative […]


Deloitte: Advisers must halve fees and focus on mass market

Advisers will need to halve their fees and focus on serving mass market clients as there are not enough high-net-worth clients to support the industry, according to Deloitte.              A research paper published by the accountancy firm claims there are not enough clients with £200,000 investable assets and above to […]

Parental leave and pensions

Fiona Hanrahan  – Senior Product Insight and Technical Support Analyst We are often asked how parental leave impacts workplace pension schemes in terms of funding in general, auto enrolment and salary exchange. This article will explain each of these. How does parental leave impact the funding of workplace pension schemes? A member of a defined […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm