Platform transfer remedies set for July 2020 as FCA delays exit fee ban consultation
Until Q1 2020
The Financial Conduct Authority (FCA) has said it proposes to consult on exit fees in Q1 2020 as it revealed ‘in-specie’ transfer rules would come into effect on 31 July 2020.
In a policy statement published on Friday (13 December), the regulator said it needed to intervene in both exit fees and ‘in-specie' transfers but plans to consult separately on the former in the first...
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