FCA finds conflicts of interest in D2C platform 'best buy' lists
Investors see no performance-related benefit from affiliated best buy funds
Direct-to-consumer (D2C) platforms favour affiliated funds and those that pay them greater commission rates when comprising best buy lists, FCA research has found.
In its ‘occasional paper', Best buys and own brands: investment platforms' recommendations of funds, the regulator sought to identify "potential conflicts of interest when creating these lists". FCA outlines...
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