The regulator has missed a vital opportunity to provide clarity over platform rules and its current "cluttered" policy risks undermining RDR, Cofunds has warned.
Speaking as part of a webcast last week, Cofunds sales and marketing director Alastair Conway (pictured) said the lack of clarity over legacy assets, coupled with the fact no date has been set for a ban on cash rebates, makes it "impossible" for platforms to plan ahead. "On the two big areas (legacy and cash rebates) which have massive impacts on the ability of platforms to actually do some planning and some building to make sure everyone is ready on time...
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