Professional Adviser

Mike Barrett: Groundhog Day - only more platforms, fewer rodents

Platform study another piece in a complex jigsaw

Photo of Mike Barrett of Old Mutual
Mike Barrett: "If the FCA really wants to get the 'well-functioning market' it seeks, it needs to do more to explain exactly what this means and to piece together all of the work it is undertaking."
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While the areas of focus of the Investment Platforms Market Study are wide-ranging, writes Mike Barrett, most of them come down to one topic - the impact of vertical integration on the market and investors

Another day, another Financial Conduct Authority (FCA) paper - this time the snappily titled Investment Platforms Market Study Terms of Reference (MS17/1.1 to its mates). We had heard talk of a deluge...

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