The Financial Conduct Authority (FCA) sent out a 14 section strong request for information to some advice firms as part of its platform market study, Professional Adviser can reveal.
The spreadsheet questionnaire, which has been seen by PA, included 10 sections of questions and a further four for data on adviser charges in the three and a half years up to the end of 2017 H1. The sections included questions on the firm's platform choices, its ratings of those platforms, functionality used and why, data on switching and charges, and use of discretionary fund managers through platforms. The watchdog asked advisers to rank how satisfactory each platform's functionality is, such as risk profilers, retirement modelling, capital gains tax calculators and more. The regula...
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