'Ensuring healthy competition in the sector': Industry welcomes FCA's Platform Market study

Consultation paper published today

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AIC CEO Ian Sayers
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AIC CEO Ian Sayers

Industry participants have largely welcomed today's Financial Conduct Authority's (FCA) consultation paper of the 2018 Platform Market Study, saying the changes proposed will lead to "increased competition between platforms and more choice for consumers".

In a consultation paper published based on the findings of last year's final report, the FCA said it wanted platforms to take steps to bring about unit class conversions so clients switching platforms...

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