VISION

To provide facilities so that investors, directly or via their adviser, can: Access a platform/wrap/supermarket that uses nominee registration Register their tax wrapper and underlying funds into the relevant nominee Transfers between different nominees, and transfer from a given nominee to an investor’s own name A streamlined service that can be used for individual or for bulk transfers, which will have: Easy to use processes Full availability Ability to transact completely online Cost of migration that is not a significant deterrent It will comply with the requirements of: The Treating Customers Fairly (TCF) regime The “Independent” requirements in the Retail Distribution Review (RDR) FSA comments on consolidators’ use of nominees and the need to consider all customers individually