Platforms given week by FSA to answer reporting questionnaire

clock

The FSA gave platforms just one week to respond to another follow-up questionnaire as it explores "other scenarios" alongside the ongoing cash rebate controversy, it has emerged.

Its latest survey, Additional Questions - Reporting, Notification and Voting Rights, was sent out on 1 April and requested participants respond preferably no later than 8 April to a set of questions which could play an important part in deciding final rules following November's consultation paper. "Following an internal discussion we are considering other possible scenarios," says the letter sent to respondents of consultation paper CP 10/29. "The FSA would like to obtain some further information about the way in which our proposals might impact your business." Whilst platforms were u...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

FNZ launches adviser-focused AI tool as personalisation demand grows

FNZ launches adviser-focused AI tool as personalisation demand grows

Generative AI solution intended to cut admin time and help advisers meet Consumer Duty standards

Sahar Nazir
clock 19 August 2025 • 2 min read
Scottish Widows' Bold predicts adviser 'flight to trusted quality' in fragmented platform market

Scottish Widows' Bold predicts adviser 'flight to trusted quality' in fragmented platform market

‘There will be potential platform consolidation’

Jenna Brown
clock 18 August 2025 • 6 min read
Aviva platform net flows climb 28%

Aviva platform net flows climb 28%

Driven by higher adviser client retention and expanding direct wealth channel

Sahar Nazir
clock 14 August 2025 • 2 min read