The FSA has suggested it is likely to go ahead with a ban on fund manager rebates when it publishes a consultation paper at the end of the month.
The hint was included in its Retail Conduct Risk Outlook paper, published today.
In policy paper PS11/987, published in August, the FSA set out its intention to ban both fund manager rebates - payments from product providers to platforms - and cash rebates paid from providers to customers via cash accounts.
However, it said it would delay a final decision pending more research.
In today's paper, the watchdog said the research - which was carried out by accountancy firm Deloitte - was undertaken to establish a timescale for a ban on both form of rebates and to identify any unintended consequences.
It will publish a consultation paper setting out its rebate proposals at by the end of March - as IFAonline reported in January.
The wording of today's paper suggests the FSA will stick to its guns and ban fund manager rebates.
"Platform models that rely on rebates from providers could allow product bias and conflicts of interest to remain in the market," it said. "Such models can also prevent access to funds that do not pay rebates and can hinder transparency of charges."
On the question of cash rebates, the watchdog only said it has already consulted on a ban on cash rebates paid to consumers.
The consultation paper due later this month will therefore likely focus on FSA proposals for a ban on fund manager rebates.
FundsNetwork, Cofunds and Skandia are all planning to launch unbundled charging models in anticipation of a ban on fund manager rebates.
‘Important to have an anchor’
Lack of innovation for solutions
Some 2,000 consumers affected
Achievements, charity work and other happy snippets