Ben Cocks: FCA transfer regulations miss the mark

The Financial Conduct Authority's (FCA) new Making Transfers Simpler Regulations came into effect at the beginning of February but do not seem to be having their intended impact so far. The intention was to allow investors to transfer their pension and ISA investments between platforms in-specie (in other words without having to sell and rebuy) even where they were invested in a restricted fund share class. However, the transfer statistics suggest that very little has changed and investors wishing to switch between platforms are still forced to sell assets in an unusually volatile mar...