Do you use an investment platform to manage and administer your portfolio? These online platforms have become incredibly popular for investors, both for those with and without a financial adviser. A new market study, carried out by the Financial Conduct Authority, suggests that competition is working well for most consumers using investment platforms. The FCA did however express some concerns about how these investment platforms are competing when it comes to certain groups of customers. Because the investment platform market is growing so quickly, the regulator wants to address these competition concerns with some new measures, before the issue gets worse.
It’s time to improve competition in the investment platform market
This 938 word blog post looks at the Financial Conduct Authority’s interim report into its investment platform market study, with a summary of the findings and proposals for improving competition. Written on 16th July 2018.