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Ben Hammond
Top three platforms market study predictions
Written by Ben Hammond on
Altus gives its top three predictions for the FCA’s Investment Platforms Market Study that will launch mid-March.

Orphan clients are sure to be top of the agenda, with the FCA taking a closer look at the charges issued by wealth management firms. There may also be potential for a periodic check carried out by platforms to ensure customers are receiving ongoing advice. Thanks to MiFID II, customers are increasingly aware of how much they are being charged by fund managers, meaning that the FCA is bound to put its foot down, perhaps even with an RDR3. Our final prediction relates to capital requirements for technology suppliers, for which the FCA will surely want to implement rules and checks in order to limit the chance of these suppliers becoming a single point of failure, as is the concern with a number of key technology suppliers.

 The full article appeared in MoneyMarketing - 5th March 2019