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FCA sets out new rules for the platforms industry

The Financial Conduct Authority has published rules to make the way that investors pay for platforms more transparent. In the future, platforms, in both the advised and non-advised market, will not be allowed to be funded by payments (commonly described as ‘rebates’) from product providers.  Instead, a platform service must be paid for by a platform charge which is disclosed to and agreed by the investor. . .

http://www.fca.org.uk/news/platforms-industry