FCA threatens to name-and-shame platforms on switching times

Could also set minimum standards

Tom Ellis
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The FCA has warned investment platforms it could name and shame them if the sector does not make it quicker and easier to switch
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The FCA has warned investment platforms it could name and shame them if the sector does not make it quicker and easier to switch

The Financial Conduct Authority (FCA) has warned investment platforms it could name and shame them if the sector does not make it quicker and easier for advisers and consumers to switch platforms.

The regulator said it expected the industry to implement changes by the time it publishes its final platform market study report in the first quarter of 2019 and threatened to take action if it did not...

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