Solution introduction

Actuare's solution for customer account transfers, called Account Transfers, enables platforms, wealth managers and pension providers to efficiently transfer client assets. This may be in from other providers or out to them. The solution supports transferring a variety of wrappers, including ISAs, SIPPs and other pension products within the United Kingdom as well as general client portfolios.

Client assets can either be transferred in-specie or encashed and paid over. Most asset classes are supported, including investment funds and CREST registered securities, along with possible custody and unit class conversion of the same.

Account Transfers fully complies with the latest industry requirements and market practice standards. Indeed, Acuare has helped shape the industry solution from the outset and is a long standing member of TISA Exchange Limited (TeX) and the UK Electronic Transfers and Re-registration Group. We have responded to the Transfers and Re-registration Industry Group (TRIG) consultation, and we are keeping abreast of industry developments. The ABI, AMPS, BBA, IA, PIMFA, TISA and the UK Platform Group setup the consultation in late 2016 to improve pensions and investment transfers and re-registrations.

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