AJ Bell calls for streamlined suitability rules on re-platforming

Arguing simplifying the rules would save advisers time and money at no cost to the client, AJ Bell chief executive Andy Bell explained: "As it currently stands, if advisers want to move clients from one platform to another they have to go through an individual factfind and suitability process for each one. "However, there may be instances where they have blocks of clients where it is obvious a transfer to another platform would be a better outcome - particularly where the product is the same but the service is better and at a lower cost." "In these instances, the time and administrat...