The Financial Conduct Authority (FCA) has taken its first steps in addressing potential consumer harm arising from pricing complexity and a lack of transparency in direct-to-consumer (D2C) investment platforms, as part of a proposed package of remedies addressing competition issues in the space.
In the interim report following its 2017 Investment Platforms Market Study, the FCA said it had found low levels of satisfaction levels on price competition among users of D2C platforms. FCA finds conflicts...
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