Skandia hires 40 to speed up re-registration

Skandia has taken a number of steps to speed up re-registration processes with platforms that are currently unable to handle automated re-registration.

Skandia was among the first providers in the market to set up and begin carrying out automated re-registration and 40% of its re-registration volumes are now being handled electronically following the implementation of electronic solutions by a number of main providers and fund groups. However, until all other providers, fund managers and third party administrators have such systems in place, Skandia said it had no choice but to use a manual process for a large number of transactions. It has taken steps to improve the efficiency of this manual process. This includes adding more tha...