The FCA's questions to investment platforms on their cash margins

Platforms must respond to the FCA’s letter by 27 July

Sahar Nazir
clock • 3 min read

The Financial Conduct Authority (FCA) has asked investment platforms in the UK how much interest they are making through cash and bank deposits they pass on to customers.

The regulator is looking to understand how interest on customers' cash is treated in the investment platform market and how platforms have considered their approach in view of Consumer Duty. Self-invested personal pensions (SIPP) providers have also been asked the same questions. The FCA has confirmed to Professional Adviser that is asked how much interest platforms are getting from their banking partners, what rate is being paid to clients, and how much platforms are making from this interest. Around 30 platforms have been given a deadline of 27 July to respond to the FCA's letter...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Next gen group takes on young adviser shortage

Next gen group takes on young adviser shortage

Hollee Vivian launches initiative with adviser peers

Isabel Baxter
clock 15 September 2026 • 4 min read
News editor's view: The advice profession is getting bigger, but is it getting better?

News editor's view: The advice profession is getting bigger, but is it getting better?

The news editor's Friday Night Takeaway from 11 September

Isabel Baxter
clock 11 September 2026 • 3 min read
Feel Good Friday: Rosemount renews mental health partnership for advisers

Feel Good Friday: Rosemount renews mental health partnership for advisers

Supporting The Global Returns Project, Grief Encounter, FoodCycle and Verve Foundation

Professional Adviser
clock 11 September 2026 • 1 min read