Technology

Advisory support group Tenet is to review the panel of platforms it recommends to IFAs following a warning from the Financial Service Authority about the use of platforms which permit rebates from providers to clients.

David Ferguson, CEO of Nucleus Financial Group, sees only good news in this week's platforms Policy Statement.

Fidelity's Ed Dymott has slammed the FSA's "shambolic" handling of platform regulation and said the delay in platform charging rules until after 2013 will create an "RDR 2".

I guess it was always inevitable. The first paper, DP 10/2, proposed the ban on rebates to platforms, to the dismay of the fund supermarkets; the second paper, CP 10/29 proposed a ban on cash rebates, bringing foreseeable, albeit slightly muted, protests...

Hargreaves Lansdown shares fell sharply in early trading today after the FSA said in yesterday's platform paper it wants to ban payments from fund managers to platforms and cash rebates to consumers.

When the FSA's eagerly anticipated and much delayed platform policy paper finally dropped into our inboxes it provided yet another twist to the ongoing rebate debate.

The FSA today published its Policy Statements on platforms, with the delay in setting rules on cash rebates the surprise outcome...

Today's long-awaited FSA platforms paper addressed - if not resolved - all the key issues affecting product providers, platforms and distributors.

The FSA said today it will stick to its guns and ban cash rebates, despite widespread industry opposition.

The FSA today said it wants to proceed with its plan, originally mooted in March 2010, to ban payments from fund managers to platforms.