FCA rules out adviser platform competition study but eyes fund firms

The regulator published a feedback statement on competition across the entire wholesale financial services sector on 19 February, in which it revealed it would conduct a market study of the investment and corporate banking sector. In the same statement, the FCA said its call for feedback in July 2014 had led to it receiving responses which raised concerns over competition issues relating to the platforms industry post-Retail Distribution Review. These included one respondent who suggested the rebate ban means platforms “are now less willing to host smaller funds as they cannot confirm...