Blood, sweat, tears and the FCA platform paper

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Mike Kellard, chief executive officer at AXA Wealth, explains why the Financial Conduct Authority's (FCA) much awaited platform paper was a bit like his son's football match.

A lot of blood, sweat and tears have been expelled over recent days by commentators casting their verdict on the merits or otherwise of the long-awaited PS13/1 platform paper from the FCA, that confirmed their policy of payments from platform service providers to consumers. But the surprises were few, with much of its content known already, in much the same way as I knew the outcome of my son's football match last weekend before the game, as their opponents had already shown their strength in the weeks leading up to it. Don't get me wrong, the paper delivered largely to expectations, ...

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