A series of workshops to help companies deal with transitioning legacy assets and the 'sunset clause' have been launched.

Paraplanning firm FinalytiQ is running the events with guest speakers including Mark Polson of the Lang cat, Veracity ATS chief executive John Baxter, Aviva head of platform Phil Ralli and legacy transition consultant Stanley Kirk.

The workshop is supported by Aviva, with Cofunds and Skandia taking part in a "no-holds-barred panel session", to give advisers a chance to engage in a debate with the major platforms on their different approaches to the sunset clause.
FinalytiQ principal Abraham Okusanya said: "Legacy is a major headache for firms.
"The workshop is designed to provide actionable ideas on potential pitfalls and opportunities in transitioning legacy assets, and how scalable technology solutions can make the process efficient and profitable for firms."

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Mr Okusanya, also the co-chairman of the London branch of the IFP, said: "According to a recent survey by Fundsnetwork, 52% of advice firms say that commission on legacy asset account for more than half of their income.
"Firms face the real threat of their trail incomes on legacy assets being turned off at providers' will or as a result of the sunset clause introduced by the FCA in its PS13/1."
The first workshop will take place on 10 September, 2014, at Dimensional Offices in London between 1.30pm and 5pm and registration is free to advisers.