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


FCA proposes ban or cap on investment platform exit fees

Hargreaves Lansdown may ... platforms and remain in the same fund without having to sell their investments. The proposed restriction on exit fees would apply to platforms, and also firms offering a ... read more

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

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

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Investors itching to switch kept waiting for up to a year

With greater competition in the UK retail investment market, alternative providers may offer a greater choice ... The Financial Conduct Authority is considering a ban or cap on exit fees levied by ... read more


Most providers to bypass FCA’s ban on exit fees

The majority of companies who charge their clients when they decide to switch their pension to another provider could bypass the proposed ban from the regulator on exit ... fees, the FCA officials ... 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

Hargreaves Drops as U.K. Weighs Banning Some Consumer Fees

Investment platforms such as Hargreaves Lansdown Plc and Barclays Smart Investor may lose the right to charge exit fees as the ... according to the FCA. In the period, users have risen by about 2.2 ... read more

UK funds platforms must offer better value or face fee ban

LONDON (Reuters) - Britain’s markets watchdog proposed measures to help five types of customers get better value for money in the 500 billion pound investment funds platforms ... FCA’s report said. ... 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

Who benefits most from investment platforms?

UK regulators have issued their judgment on the use of investment ... and platforms. The average age of a Nucleus customer is 58. Nucleus, he says, has never levied exit fees and favours the FCA’s ... read more



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