Fresh call to extend platform rebate ban to insurers

In its August platform policy paper the watchdog set out its intention to ban both fund manager rebates paid to platforms and cash rebates paid to consumers. However, it said it will delay a ban on both form of rebates pending more research. As part of that research, the watchdog is now consulting platform players about extending the proposed fund manager rebate ban to life insurance products. "This is the extra bit of work we said we would do in the policy statement," said an FSA spokesperson. "This is about finding out how it would affect the industry." The research comes amid...