FCA's Consumer Duty to turn platforms into gatekeepers over value for money assessments

Requirement to ‘switch off’ funds

clock • 2 min read
UK investment platform interactive investor said the new rule should “focus fund management group minds on value even further”.
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UK investment platform interactive investor said the new rule should “focus fund management group minds on value even further”.

Investment platforms will be required to ‘switch off’ funds which have been assessed as not representing value for money under the FCA’s new Consumer Duty rules.

The regulator published the final guidance on its new Consumer Duty rules today (27 July), which the regulator said will lead to a "major shift in financial services". These new rules will impro...

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