Delays on the platform: is the FSA set to make a U-turn?

The Retail Distribution Review (RDR) may have prompted a momentous change in advisers’ operations, but at least they knew what was going to happen (to an extent), and when. Platform providers haven’t been quite so lucky. Delays have dogged the Financial Services Authority’s (FSA’s) platforms paper – which is expected to rubber-stamp bans on both payments from product providers to platforms and cash rebates to advised customers – ever since it was announced back in 2010. Consultation stalled throughout 2011, after a number of platforms reacted adversely to some of the regulator’s sugge...