Investment platforms market study carried out by FCA – 17th July 2017
The Financial Conduct Authority (FCA) has published its terms of reference for the investment platforms market study, which sets out the scope and topics that will be covered. Investment platforms are increasingly used by consumers and financial advisers to access retail investment products and to manage investments. The platform market has steadily grown over the last eight years, with assets under administration (AUA) for both adviser and direct platforms increasing from £108 billion in 2008 to £500 billion in 2016. Many platforms offer investors and their advisers a range of information and tools to help them make investment decisions and some also offer their own investment products. As part of the study, the FCA will explore whether platforms help investors make good investment decisions and whether their investment solutions offer investors value for money. In principle, platforms allow retail investors to pool their money and achieve better investment returns.
Alex Davidson, Regulatory Intelligence