Skandia: Select range unaffected by platform subsidies ban
Skandia has said its discounted fund panel Select will not be affected by the Financial Conduct Authority's (FCA's) final rules on platforms, despite a ban on subsidies.
The regulator ruled product costs "should not be used to cross-subsidise the platform charge," leading to complications for a number of firms with both platform and fund management arms. Axa was forced...
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