Strange time to launch re-reg cash incentives

At a time when the FSA is trying to stop providers having any part in determining adviser remunerati...

At a time when the FSA is trying to stop providers having any part in determining adviser remuneration, Standard Life's £50 re-registration incentive on its platform seems an odd move. To recap, the group is offering cash incentives for advisers who re-register clients on the group's FundZone platform until October. The deal is £50 for each client re-registered with assets over £10,000, which could bring about a decent windfall if advisers have a large book of clients on a single platform. According to Standard Life, the fee is to compensate advisers for the time they spend on adminis...