Axa Wealth calls for two-year 'sunset clause' on cash rebate ban

Axa Wealth is calling for a two year sunset clause on the cash rebate ban in order to avoid creating an unfair disadvantage for firms acting in the spirit of the Retail Distribution Review (RDR).

The Financial Conduct Authority's platform paper, published in April, confirmed cash rebates paid to customers from platforms would be banned from April 2014. All other legacy business is required to...

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