FSA must learn from Indian rebate fiasco - Fidelity

The ban, proposed in the FSA's March discussion paper, has been hotly contested by the fund supermarkets whose intense lobbying is widely believed to be behind delays to the release of feedback on the paper. Last week the FSA confirmed the release of the paper, originally due in the summer, will be pushed back to the autumn as it conceded there are "lots of issues to be considered". Fidelity head of UK fund partners Ed Dymott (pictured) says the proposed ban could create a two-tier market between life and pensions providers who will continue to be allowed to receive rebates and platfo...