Skandia awaits cash rebate news for unbundled plans

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Skandia says it will hold off on developing an unbundled charging model until the FSA clarifies its cash rebate rules.

The platform says it will delay construction of a new model until the FSA reaches a final decision on plans to ban cash rebates - a move it broadly supports. "We have no timetable for bringing in an unbundled charging structure because we still do not know the situation with cash rebates," spokesman Charlie Musson says. "Until the FSA finalises the rules it is difficult for us to go ahead with a new charging structure." Musson adds it would be pointless to develop a model now only to have to change it at a later stage. "Our development team is keeping its options open and is loo...

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