Mark Polson: the FCA just went on the platforms warpath

PS13/1 is a profoundly disturbing paper in that it changes the platform industry forever. The commercial models which built about two-thirds of the AUA in the market are now a goner - or at least will be by 2016. That's a massive change, and one which won't be fully understood for a while. The journos have, as ever, done a great job at picking out the headlines and key impacts of PS13/1. So for this piece I'll have a look at some of the more behind-the-scenes stuff and consider some of the less obvious impacts. First, the FCA has been really clear about client impact. They seem ...