11 Apr 2019
While the final report gave the platform market a clean bill of health, we take an in-depth look at the key points for advisers.
After 18 months of very detailed analysis, the FCA has now published its Investment Platform Market Study final report.
The key message I take from the report is that the FCA has found the platform market is working well and offering value for money to the growing number of savers and investors using platforms.
Last year’s interim report was also positive, but identified a number of areas of concern, many of which related to non-advised customers. The FCA has since been investigating these and in most areas is now satisfied with the way the market is operating and isn’t planning to introduce new remedies. There are, however, two areas where it’s consulting further – in specie transfers and platform exit fees.