Underwhelming and sub-optimal: Industry reacts to FSA platforms paper

Here's a flavour of the reaction from across the industry on the FSA's latest proposals: Gordon Greig, platform director, Aegon "Unfortunately, today's policy statement fails to give us clarity on cash rebates, making it very hard for the industry to ready itself for the RDR. "The FSA decision to carry out further research highlights the real difficulty of squaring an ‘in principle' approach with one that will benefit consumers in practice. "A complete ban on cash rebates would have been highly detrimental to both platform providers and consumers. The FSA appears to accept this, ...