The Financial Conduct Authority (FCA) may have set itself a much bigger task than it realises as the regulator kicks off its Investment Platforms Market Study.
There has been a positive reaction to the decision to widen the scope of the Study to encompass firms that offer access to retail investment products through an online portal, which is "likely to include" financial advisers, wealth managers and other distributors. It will also assess "competitive outcomes" over a number of areas including: barriers to entry and expansion, commercial relationships, business models and platform profitability, the impact of advisers, as well as customer behaviour. FCA Platform Study examines financial adviser 'impact' Getting to grips with all these...
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