Forcing competition on platforms 'could drive up prices'

Reaction to FCA Investment Platforms Market Study

Hannah Godfrey
clock • 3 min read

Forcing asset managers to offer the same price to all platforms could drive up costs to consumers, Bella Caridade-Ferreira has warned after the Financial Conduct Authority (FCA) initiated its Investment Platforms Market Study today. 

The Fundscape CEO (pictured) said she welcomed the regulator looking into vertical integration but warned an unintended consequence of the study may be increased prices for end-investors. The Investment Platforms Market Study, which was published this morning, said the platform market was becoming "increasingly vertically integrated" with commercial relationships existing between platforms, asset managers, discretionary investment managers and financial advisers. These relationships, it suggested, had the potential to distort competition by encouraging platforms to compete in the inte...

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