Adviser platforms have 'inherent conflict' - FCA

According to the regulator, the conflict arises because platforms are selected, and usually used, by the adviser while being paid for by the client. It said addressing this issue was a "high priority".  The financial watchdog revealed it would launch an investigation into the platform market in April after its Asset Management Study interim report "highlighted a number of areas for concern and identified potential competition issues in the investment platforms market". Last week, the FCA also revealed it would assess firms' vertical integration and "the entire value chain" of investin...