Standard Life calls for 'common currency' to aid re-reg

Standard Life has called for platforms with super clean deals to house alternative share classes in order to aid re-registration.

Advisers have been complaining of the ‘nightmare' of moving between platforms with differing share classes, following the launch of a number of preferentially priced share classes, which have made an already complicated process harder. Problems include being forced to sell holdings on one platform, and re-buy the standard share classes at their new platform, leaving advisers' clients out of the market, and nursing potential tax bills. Standard Life's wrap holds three share classes for each fund where available: a bundled share class, a standard clean share class and any super clean sh...