Platforms: The perils of indecision and delay

The industry awaits the FSA’s verdict on platform remuneration with great anticipation. While the decision to take additional time to look at this issue (as well as the related issue of cash rebates to customers) is clearly warranted by its importance, a quicker rather than later solution would be very much welcomed by most industry participants. First some background may be in order. The FSA has been concerned for some time that the payments platforms receive from fund managers might influence the products that they make available to customers. Although MIFID rules already oblige pla...