The FSA has indicated it is leaning towards abolishing all payments to platforms from product providers.
In the FSA's platform discussion paper today,the FSA has identified several options for platform remuneration with respect to advised retail investment business. no changes The current practice of product providers paying platforms is allowed to continue. stop all payments from product providers to platforms. The FSA says it prefers the final option. However, this it is not a final view. "If platform charges and product provider charges are separated, consumers can judge the value of the services they are being provided with more easily," the discusson paper reads. "If a ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
