You will have seen that the Financial Conduct Authority has recently issued its platform policy statement covering new platform remuneration and cash rebate rules due to come into effect on 6 April 2014.

The paper confirms that some unbundled platforms (including our new business platform) are already compliant with the rules, a year ahead of the deadline. We also expect that many advisers will now need to revisit their platform due diligence to ensure that they can have confidence that their platform is fit for the purpose both now and in the future.

Fund rebates can continue to be passed in full to the customer in the form of units, whereas cash rebates will be banned.