FCA to Clamp Down on Exit Fees

The Financial Conduct Authority plans to make it easier for investors to switch investment platform provider by, amongst other things, abolishing exit fees

David Brenchley 14 March, 2019 | 1:36PM

Exit sign, exit fees, investment platform, Hargreaves Lansdown, AJ Bell, Interactive Investor, FCA, Financial Conduct Authority

The Financial Conduct Authority (FCA) has proposed a cap or outright ban on exit fees as it put forth recommendations from its investment platforms market study.

The regulator also committed to consult on rules that will allow investors to switch platforms and remain in the same fund without having to sell their investments.

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David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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