Kevin Russell: Tech is key if FCA mandates on platform transfer times

This summer's Investment Platforms Market Study interim report from the Financial Conduct Authority (FCA) opened up, for the first time, the possibility of stipulating a timeline for completing platform transfers. While guidance for switching currently exists, the FCA clearly feels more must be done to improve what remains an onerous process. There are three options on the table: * Timescale: The FCA is initially calling for end-to-end standards and re-registration times through the introduction of a maximum timescale for each step in the switching process. * Scrutiny: If the above...