Platforms: FSA to launch another consultation on rebates

The FSA will release a platform consultation paper within the next couple of months setting out draft rules on rebates and regulations for execution-only platforms, after Deloitte completed its research into the sector.

Its paper, expected to be published this quarter, will tackle the issues of fund manager and cash rebates, unbundling and whether to read across adviser charging rules to execution-only platforms and life companies. At its heart, the paper will set out draft rules for the treatment of platform rebates - the most contentious area of platform policy.  In its August policy statement, the regulator re-stated its intention to ban both fund manager and cash rebates, pending further research. It deployed the services of accountancy firm Deloitte to carry out research into rebates, which h...