RDR platform paper: Re-registration compulsory by 2013

It says the deadline gives enough time for the platform industry to adopt a re-registration system. "Due to the potential for customer detriment, we are minded to make it compulsory for platforms to allow assets to be re-registered off their platform no later than the implementation of the RDR on 31 December 2012," it says. The regulator adds it expects platforms to offer a re-registration service regardless of whether an automated system is in place. "In the meantime, we continue to expect adviser firms to take into account this issue when selecting a platform and we will be en...