The transfer market practice framework will be of relevance to:

  • Platforms and wealth managers
  • Pension providers and administrators
  • Individual Savings Account plan managers
  • Fund managers and transfer agents
  • Banks and building societies

 The transfer market practice framework covers:

  • The transfer of a range of account types including:
    • Stocks and Shares ISAs
    • Cash ISAs
    • Pensions
    • General Investment Accounts
  • Portfolios of a wide range of asset types including:
    • Cash (Un-invested cash holdings within the portfolio)
    • Funds (publicly available funds, identified with an ISIN, that are registered with a transfer agent)
    • CREST Registered Securities (which may be equities, ETFs or any other asset supported by and registered on CREST other than funds as defined above)
    • Other assets (described in unstructured free text and that will not be processed automatically)
  • The transfer of assets held with an intermediate unit holder
  • The transfer of funds held with a fund manager or transfer agent

There are two versions of the market practice currently in use. Version 1.1 covers funds and ISAs only. Support for this early version has been continued to reflect the limited requirements of fund managers.

UKFMPG Transfers Version 1.1

Version 3.0 went live in November 2016 and covers the full breadth of account and asset transfers listed to the left.

UKFMPG Transfers Version 3.0

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