The FSA has suggested it is likely to go ahead with a ban on fund manager rebates when it publishes a consultation paper at the end of the month.
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...
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