Skandia looks to crack rebate puzzle

The implementation of the Rebate module, part of Milestone's pControl funds processing platform, is the first in a phased roll out of the solution which readies the platforms for any potential change in RDR rules governing rebate payments. This, the platforms says, allows it to maintain "business as usual" without the need to re-engineer its current processes. Last week, the FSA pushed back publication of its long-awaited platforms policy paper from Q2 to Q3. The policy paper will set out final rules on key issues including fund manager rebates and cash rebates. The FSA's proposal ...