FSA platform paper pushed back to end of April

IFAonline's sister title Investment Week revealed last December the regulator had postponed its policy statement until early 2013 as it considered the tax implications of its plan to permit unit rebates but ban cash rebates. But the committee overseeing the drawing up of the rules is now expected to meet on the third Thursday in Q2 (18 April), with the policy statement being published the next day or the following Monday. It is likely that platforms will still be given 12 months to implement the proposed changes, meaning a deadline of end-April 2014 for the industry to adapt to what s...