Platforms lobby for FSA U-turn on 'unworkable' proposals
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.
Following the closure of its discussion period this week, the regulator aims to release a Policy Statement on platforms by the end of the year. However, the weight of lobbying against its current preferred...
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