FundsNetwork has urged the regulator to review the "EasyJet" style charging structure of wraps in its consultation on platform charging models.
The FSA is set to issue a consultation on fund manager rebates within the next 12 months after setting out plans to ban the payments in this month's policy paper. The decision, marking a U-turn in stance from November's consultation paper, again appeared to sound the death-knell for the bundled pricing model. But Fidelity has told the FSA the review into bundled pricing will have to look at other sectors of the market - including "ancillary" charges on wrap platforms - in order to carry any credibility. "In the review the FSA will have to consider other parts of the market and look...
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