Advisers who wish to be independent post RDR can use a single platform for the 'majority' of their clients if it is in their best interests, the FSA proposes today.
The FSA today said in its long-awaited consultation paper platforms can continue to receive rebates from fund managers.
Standard Life took home the top gong of Platform of the Year at the Aberdeen UK Platform Awards.
Fidelity has appointed Pete Burtonshaw as head of platforms with overall responsibility for both FundsNetwork and the DC propositions.
Cofunds believes there is still time to influence the FSA and prevent a proposed ban on fund manager rebates and bundled charges as the regulator's response to the discussion paper is set to be delayed until September.
The FSA could be forced into a major U-turn on platform regulation as the UK's big three providers, with over 80% of total assets, labeled its proposals as "unworkable" in responses to the Discussion Paper.
The Cautious Managed sector was the top seller on Cofunds in April whilst UK All Companies saw a net outflow as the uncertain political situation weighed heavily on investor sentiment.
Hargreaves Lansdown recorded a 12.8% rise in assets under administration over Q1, as its Vantage platform posted £1bn of net new business.