FSA: Platform rebate rules will come in after RDR

Katrina Lloyd
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The FSA says platform charging rules will not come into force by the RDR deadline of 31 December 2012, as more research is needed before it can make the final decision on whether to ban cash rebates.

The regulator said although it wants ban both fund manager rebates (between providers and platforms) and cash rebates to consumers it will delay a decision pending more research. The FSA said: "This means that we are not yet in a position to set out a detailed timetable for our future work on this issue. "However, we appreciate that the industry needs certainty about what systems changes it may need to make. So what we can say at this point is that any rule banning payments to platforms will not come into force until after 31 December 2012, when the RDR rules come into force, as we re...

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