Platforms will no longer be able to accept cash rebates from 2014. But is there a reason the rules are not extended to other providers?
For anyone looking to spot the next big thing in regulation, a Financial Services Authority (FSA) conference is usually a good place to start. The (outgoing) regulator often raises issues of concern months before it consults on them and, during a platform session at its latest asset management conference, the talk was all about “adjacent markets” – the execution-only brokers, SIPP providers and life companies exempt from the FSA’s platform rules. Rob Muskett, from the FSA’s investment policy department, said the regulator would be “very interested” to hear opinions on the subject. ...
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