I still don't have a single vet character myself, so I don't know how this exactly works. But the PTS patch notes say:
Reaching level 50 with a second character means you can immediately equip gear up to your account’s Champion Point value since Champion Points are shared across all characters on an account.
As Champion Points are gained much faster than Veteran Ranks, this will allow you to advance more rapidly and start getting the best gear in the game faster.
Can someone please explain the logic behind this?
To me, this sounds like the game will be even easier, with no effort on your part to level (current vet 1-16). Once maxed, the points will be shared, easy to cap, everyone will soon get the max. armour. Once that novelty value wears off, we are again back being miserable, because everyone will be able to wear everything, so no real challenge, no competition or bonus for the persistent one.
Maybe I'm missing the point because I still have no vet character. Thanks.