FSA hints it will press ahead with rebate ban

The hint was included in its Retail Conduct Risk Outlook paper, published today. In policy paper PS11/987, published in August, the FSA set out its intention to ban both fund manager rebates - payments from product providers to platforms - and cash rebates paid from providers to customers via cash accounts. However, it said it would delay a final decision pending more research. In today's paper, the watchdog said the research - which was carried out by accountancy firm Deloitte - was undertaken to establish a timescale for a ban on both form of rebates and to identify any unintende...