Ray Tubman: Do MiFID II costs and charges rules hit the mark?

The Investment Platforms Market Study Interim Report (MS17/1.2), which was published last month by the Financial Conduct Authority (FCA), raised many interesting topics. One theme that surfaces in various guises is investor charges and their relationship to services and portfolio performance. Some aspects of this presented in the FCA interim report are: * Platforms have very different charges and charging structures, which means it is difficult for consumers to compare platforms based on charges. * Charges incurred within funds are not obvious to the end-consumer, thus making it mo...