Platform rebate paper: Ten key things to know

PLATFORMS

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IFAonline picks out ten key points from the Financial Services Authority's (FSA's) latest consultation paper on platform rebates...

As many (though not all) had expected, the paper confirmed the FSA's intention to ban both payments from providers to platforms and cash rebates to consumers. To allow either, it said, would compromise the objectives of the retail distribution review (RDR), particularly around transparency. But, as this paper was published alongside a large piece of consumer research, there were one or two (we found ten) things of note. Here they are...

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