View more on these topics

New platform paper this month as FSA warns on corporate wrap

The FSA has confirmed its intention to publish another platform consultation paper by the end of the month setting out its final views on rebates.

The regulator published a policy statement in August in which it said it would be “desirable” to ban both cash rebates from product providers to investors and product provider payments to platforms, for both advised and execution-only platforms. However, it wanted to conduct further research into the implications of the rules before they were finalised.

In its Retail Conduct Risk Outlook published today the regulator says: “When we have considered the finding from the research we plan to publish a consultation paper by the end of March 2012 setting out our proposals.”

The Outlook also refers to the emergence of the corporate wrap market, warning providers of such platforms should be aware of the potential of consumers becoming less engaged with their investment options and paying for services they do not need.

It says: “Providers of corporate wraps need to consider the particular information needs of their target market.”


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm