FCA to conduct platform market review

In its 2017/18 Business Plan, the Financial Conduct Authority (FCA) said it wanted to examine a number of potential competition issues in the investment platforms market as identified in the interim Asset Management Market Study. The issues included complex charging structures, whether platforms' investment tools enabled effective choice and whether platforms had the incentives and ability to put competitive pressure on asset management charges. The regulator wants to look at how investment platforms compete to win and retain customers. It also said it would consider whether platforms...