Chris Smeaton, head of product development at James Hay Partnership, considers the platform landscape in 2012 and reveals why he thinks the FSA will remove its expected cash rebate ban…
The fund platform and wrap market has been a busy place since the publication of the FSA’s latest RDR instalment, which will see the financial services industry move towards a cleaner and more transparent future. One key element introduced by RDR, above all others, will be the removal of embedded commissions from fund charges. This looks set to drive forward greater independence and transparency in the market and shift the balance of power between fund managers, platforms and advisers. Such changes will be great news for the platforms who already offer clean or ‘unbundled pricing’ ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
