The Financial Conduct Authority's (FCA) study of the investment platform market will place the industry's key relationships under the competition spotlight, writes Melanie Martin, associate in the EU, competition and regulatory practice of Maclay Murray & Spens LLP.
Though it is not an investigation into any one firm or even suspected wrongdoing, it represents a major regulatory risk for financial services firms and advisers caught unaware by the nature of the probe....
Held roles at BlackRock and Merrill Lynch
Investors paying as much as 80% more than OCF
Concerned about performance scenarios
Supporting troubled stocks
Has been closely aligning the businesses