PA's Platform Market Study: Are there barriers to entry?

The Financial Conduct Authority's platform market study came off the back of its asset management study, keeping its promise to look at the whole value chain of investing. Its damning interim asset management report pointed to holes in the sector and caused more than murmurs of concern, but its final study was judged to have taken a somewhat lighter touch than its first conclusions indicated it was going to. So it is a bit of a mystery as to how the FCA will treat the platform market in its first report due out in the summer. No one knows whether it will come flying out of the blocks ...