Alistair Wilson: Why the FCA must simplify platform charges

Earlier this year, the Financial Conduct Authority (FCA) published the interim findings of its investment platform market study. In the main, the study found that the market appears to be working well for both advised and non-advised consumers.  Nevertheless, the regulator singled out a number of areas where it may decide to intervene. The remedies it proposed could produce mixed outcomes - with some of clear benefit to consumers, while others could potentially do more harm than good.  * Costs and charges: One of the key concerns on the regulator's mind is whether consumers are able t...