A dormant problem for platforms

The recent all-singing, all-dancing platform regulations from the FCA were something of a landmark for the industry.

Confirming earlier reports, the FCA moved to tackle all the old, established backroom deals that have plagued the industry for years. In their place is the harsh world of increased ‘transparency’. This buzzword was used a lot after the paper was released, and it was easy to see why, after the FCA banned payments from fund groups to platforms on new business from next year and legacy business from 2016. The shake-up of legacy will have ongoing repercussions, particularly for the established platforms. However, one major issue that was not tackled in detail was the sticky problem of ...