Form an orderly queue: why fund groups are rushing to list on platforms

Measures due to be announced in this month’s platform paper will prevent platforms “from being funded by payments from product providers” from 2014. Outgoing regulator, the Financial Services Authority, made the decision in its final consultation paper on the issue last year. This has been widely interpreted as a ban on cash and possibly unit rebates – but the regulator could also tighten rules on payments made by fund houses to list on platforms. Cofunds has warned boutique and international fund houses will face a rush to acquire distribution if the regulator does tighten rules o...