The Financial Conduct Authority (FCA) has ruled out conducting a study into competition in the retail platforms market - despite industry concerns - but is planning closer scrutiny of fund groups.
The regulator published a feedback statement on competition across the entire wholesale financial services sector on 19 February, in which it revealed it would conduct a market study of the investment...
'Due to three factors'
Upcoming regulatory work
UK investors lost hundreds of thousands of pounds
Lifts advisers to seven
Income from advice fees down