The upcoming review by the Financial Conduct Authority is likely to focus on ways to make it easier for advisers and their clients to switch investment platforms, according to Rory Percival.
The regulator is due to publish its investment platform market review imminently, and the ex-FCA technical specialist has suggested his former employer could take inspiration from the ease of modern current account switching when it focuses on competition in the platform market. "If you make the comparison with current accounts, five, 10, 20 years ago, it was a real pain to move from one bank to another but that has been made a lot slicker," Percival [pictured] said. "The regulator will be looking at similar things to free up - and digitalise - the movement of assets from platform to ...
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