The FSA has delayed the long-awaited publication of its platform consultation paper owing to intense lobbying from some of the industry's largest players.
The paper - a follow-up to the discussion paper issued in March - was expected to be published this summer but the regulator has now pushed it back to the Autumn owing to the "complexity of feedback" from operators.
It is understood the FSA sent out a detailed questionnaire to platforms asking them to outline the costs involved of implementing proposed changes set out in the March discussion paper.
Proposals included unbundling platform charges and scrapping rebates - measures hotly contested by the big four fund supermarkets who argue this will lead to increased costs and complexity for consumers.
"I understand the delay in the paper is because the large fund supermarkets have been intensively lobbying the FSA to keep rebates," says one platform director.
Fidelity head of UK fund partners Ed Dymott (pictured) confirms his company has been in regular contact with the regulator.
"We have asked the FSA for clarity on the question of rebates," he says. "We have been going through various questions with the FSA around pricing structures and rebates and we now eagerly await the final paper."
He adds Fidelity is committed to implementing an unbundled pricing structure "way before the RDR deadline" but says platforms should be able to operate a dual pricing model.
Ascentric chief Hugo Thorman says if rebates are retained then the FSA's adviser charging principles - a central plank of the RDR - will be completely undermined.
He adds if they are not scrapped, fund supermarkets should be forced to clearly disclose these payments.
A spokesperson from the FSA said the paper has been pushed back following a large number of responses from industry players.
"This is to do with the complexity of feedback - this is quite an involved area. Because of theses complexities, we want to ensure we have time to speak to all the industry people and that is why the paper will come out in the autumn."
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