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FCA to launch platform market study next month

The FCA will launch its market study on platforms next month to assess the competition among providers. The Investment Platforms Market Study will look at how adviser and direct-to-consumer investment platforms compete to win new clients and retain existing customers, and determine whether platforms allow investors access to products that offer value for money. The […]

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FCA eyes investment consultant regulation as ‘big three’ could face investigation

Three major investment consultants still face a referral to the Competition and Markets Authority over conflicts of interest after the FCA rejected efforts they made to stop an investigation. The FCA’s asset management market study final report this morning says there will be a further consultation on whether to refer the ‘big three’ investment consultancies – […]

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Hargreaves scraps peer-to-peer lending plans

Hargreaves Lansdown has dropped its plans to set up a peer-to-peer lending platform. The company, which was expected to launch both a P2P lending platform and a cash management service to clients this year, has now decided it will solely focus on the cash management service. Hargreaves Lansdown chief executive Chris Hill tells Money Marketing that […]

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Bank of England warns of Brexit costs to asset managers

The Bank of England’s latest financial stability report has warned on the costs of asset management, alongside banking and insurance, rising following the UK’s exit from the EU. The report says: “If asset management were to fragment between the United Kingdom and Europe, material economies of scale and scope that are currently achieved by pooling of funds […]