(tl;dr - new brakes and replacements showing fluid on the back of the pads)
I fitted my new hydraulic/cable brakes last weekend and while bedding them in noticed a large performance difference between front and bake brakes. On taking the pads out I diagnosed the reason as brake fluid leaking from the pistons onto the pads. In fact on closer inspection it appears that both the front and back calipers had fluid on the back of the pads.
I have now received replacements and before I have even fitted them thought I would check the pistons. I put the discs into the brakes and pulled them on a few times before removing the pads. Lo and behold on the back of the pads there is evidence of fluid.
Has anyone else experienced this with new brakes? Is there another explanation other than leaking brake fluid?