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FCA hits out at ‘spurious complexity’ in platform charges

FCA director of competition Mary Starks has described instances of “spurious complexity” in platform charging in the wake of the regulator’s review of the market this morning. Speaking to Money Marketing, Starks notes findings that, particularly on the direct to consumer side, platforms can levy between 15 and 35 different fees in total, and use […]

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FOS review mulls new funding model

An independent review into the Financial Ombudsman Service has mooted the idea of linking funding contributions to the risk of complaints firms pose. The review was carried out by Money and Mental Health Policy Institute vice chair Richard Lloyd after a Channel 4 documentary earlier this year criticised the complaints adjudicator for providing a lack […]

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Competition watchdog demands change in pension investment market

The Competition and Markets Authority has found problems with the investment consultancy and fiduciary management markets that work with pension trustees to advise on how they invest their funds. In a provisional report released today, the CMA found around half of pension schemes choose the same provider for fiduciary management as investment consultancy and firms […]

Justin Cash, Editor of Money Marketing
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Editor’s note: British Steel shows the menace of unregulated introducers

Last week, the great and the good of the advice profession gathered in Port Talbot. An industrial town in deepest South Wales may seem an unlikely location for a high-profile conference, until you fully grasp the magnitude of what has happened there over the past 12 months and its impact on the planning profession. While […]

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