logo-loader
RNS
viewAJ Bell

Market update - Investment Platforms Market Study

/**/ p{margin-right:0cm;margin-left:0cm;font-size:12.0pt;font-family:"Times New Roman","serif";} .h{size:595.3pt 841.9pt;margin:72.0pt 72.0pt 72.0pt 72.0pt;}div.h{}p.l{margin-top:0cm;margin-right:0cm;margin-bottom:0cm;margin-left:36.0pt;margin-bottom:.0001pt;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-left:0cm}span.j{font-size:10.0pt; font-family:"Arial","sans-serif"} /**/
RNS Number : 8689S
AJ Bell PLC
14 March 2019
 

Market update - Investment Platforms Market Study

 

The FCA has today published the final report from its Investment Platforms Market Study. As one of the UK's largest investment platforms, AJ Bell welcomes the FCA's findings which it believes will help improve competition in the market and deliver improved customer outcomes.

 

Andy Bell, chief executive at investment platform AJ Bell, comments:

 

"Investment platforms play a vital function in helping people manage their long term savings and the regulator is absolutely right to question whether consumers are receiving the best possible service and value for money.  Identifying areas where customer outcomes can be improved is vital for the development and growth of an increasingly important market and today's report is a significant step in the right direction.

 

"The FCA has confirmed that measures to improve transferability of assets between platforms will be extended to comparable services which is a positive development, particularly in relation to exit fees.  A restriction in platform exit fees would not have a material impact on our business and as a net receiver of assets, we would expect to benefit from greater transferability of assets in the market.

 

"Enabling easier transfers of assets between platforms and other competing products will ensure customers are able to move more easily to better value services and will ensure healthy competition in the sector.  We look forward to engaging with the FCA during the consultation phase." 

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
MSCJIMPTMBABMJL

Quick facts: AJ Bell

Price: 387.5

Market: LSE
Market Cap: £1.58 billion
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE