A crackdown on the UK investment market is imminent, according to the FCA’s recently published mission
and business plan
for 2017–2018, which include a review of individual financial services sectors. As part of the new strategy, the industry watchdog will investigate whether competition is working efficiently between online brokers, or investment platforms. According to Money Observer
’s Kyle Caldwell, potential competition issues to be reviewed include “how online brokers charge consumers, and whether they have the incentives and ability to put competitive pressure on asset management charges”.
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