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Fca May Impose Exit Fee Ban On Retail Investment Platforms - Latest News

FCA May Impose Exit Fee Ban on Retail Investment Platforms

Amidst a wave of Brexit angst, the Financial Conduct Authority quietly released a report on Thursday detailing developments in the UK’s retail investment market. More specifically, the British ... read more

City watchdog could ban DIY investing platform 'exit fees' as it tries to make switching easy and stoke up competition

The City watchdog may ban investment ... to retail clients. Some platforms have already seen the writing on the wall and begun to reduce or remove exit fees. Christopher Woolard, executive director of ... read more

FCA proposes ban or cap on investment platforms exit fees

Hargreaves Lansdown may ... investment platforms. Following a market study that found some consumers and financial advisers found it difficult to shop around and switch to a different platform, the ... read more

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FCA sets out reforms for invesment platforms; proposes ban on exit fees

The package - set out in the final report of its Investment ... is proposing to ban or cap exit fees. The proposed restriction on exit fees would apply to platforms, and also firms offering a ... read more

FCA welcomes investment platform progress on customer switching

The FCA began its investment platforms market study in July 2017. Its intention was to explore how investment platforms compete to win new customers and retain existing ones, and whether platforms ... read more

FCA ditches plan to get platforms to police adviser charging

The Financial Conduct Authority (FCA) will look to ban exit fees charged by platforms ... to retail clients. The FCA's consultation on new rules for switching and feedback on the questions regarding ... read more

FCA seeks to ease switching and boost competition

In an effort to enhance competition in the retail ... exit fees. In a consultation paper published March 14, the U.K.’s Financial Conduct Authority (FCA) set out a package of proposed reforms that aim ... read more

Four things you must know about the FCA's platform plans

The Financial Conduct Authority today (March 14) produced the 60-page final report in its Investment Platforms Market Study. The report proposed a ban on exit fees ... However the FCA stated it will ... read more

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