Yep. Operationally efficient. Legally sound. Standard practice. Nothing fishy.
If you want them in your own name you can either store certificates under your mattress. Sounds a bit old school? You should then try trading them!
You could operate a personal Crest account with people like Charles Stanley, Redmayne or Killik but I’d reckon you’ll pay a decent fee for that and I have no idea what happens in the event of corporate actions. I’m guessing (I really am guessing - I genuinely do no know) that in a corporate action event your “sponsor” broker manages your Crest account for you… for a cost. I personally just don’t have enough incentive to have my name on the share register and am more than happy with a nominee structure. You might not be. Up to you. Have a look at ShareSoc if so inclined.
Anybody mentions Beaufort Securities will have clown emojis sent in their direction. That’s a different story and SURPRISE the auditors have climbed down from their ludicrously high initial costings. Who would have guessed?