FSA rebate ban could have 'unintended consequences' - Tisa

Responding to the FSA's RDR Platform Discussion paper, Tisa is calling for a more open dialogue on use of rebates to reach an outcome which both meets FSA requirements and helps consumers. "Whilst there are some practices that may be considered undesirable, I am concerned that the proposed regulatory approach is fraught with potential unintended consequences," says director of portfolio and retirement planning Malcolm Small. Specific concerns highlighted by Tisa include: • A ban on rebates both from fund managers to providers and from platforms to consumers would strike at ...