Platform-to-platform re-registration is among the very few scenarios in which advisers can continue to receive commission after this year. But, asks Will Roberts, should it be?
Platform FundsNetwork has urged the Financial Services Authority (FSA) to change tack and include platform re-registration under adviser charging principles, as part of a wide-ranging critique of the regulator’s latest thinking on the treatment of legacy assets from January 2013. In a consultation in November on legacy commission, the FSA set out a narrow set of circumstances under which advisers will be allowed to continue receiving commission in the post-RDR world – including when a client re-registers with another platform. But FundsNetwork, in its response to the paper, said platf...
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