FSA delays platform paper after "intense lobbying"

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 ...