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UK investment platforms get proposed FCA rules to help consumers switch

( March 14, 2019, 10:08 GMT | Official Statement) -- MLex Summary: UK investment platforms face rules to force them to make it easier for consumers to switch platforms and remain in the same fund without having to sell their investments, as well as a proposed ban or cap on exit fees. The Financial Conduct Authority makes the proposals, on which it seeking feedback, in the final report of its ongoing investment-platforms market study. It follows the publication of an interim report last July, in which the FCA identified a string of failings in the sector....

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