What is Nucleus position on automatic re-registrations and in-specie transfers?
Nucleus will always permit re-registration away from the wrap, but in terms of moving assets onto the Nucleus wrap, the reality is generally driven by a ceding managers own position. For example, for a life company pension or bond, the assets belong to the life company and have to be transferred as cash. Assets in a trust-based Sipp in theory can come across ‘in-specie’ while Isa, Pep and directly-held assets may be moved in-specie or in cash.
