Sábado, 23 Setiembre, 2017

FCA to review model portfolios in platform probe

AJ Bell says FCA should rethink platform rebate ban FCA to review model portfolios in platform probe
Malita Javier | 17 Julio, 2017, 14:56

The use of online platforms, which give direct access to funds and shares, has grown exponentially over the past eight years with assets ballooning from £108 billion in 2008 to £592 billion last year as both financial advisers and private investors have adopted them.

The Financial Conduct Authority today (17 July) set out the details of how it will investigate the investment platform market to ensure it is providing value for money and a fair service to investors.

It added: "These relationships have the potential to distort competition by encouraging platforms to compete in the interests of those with which they have commercial relationships rather than in the interests of the consumer".

Now the FCA has decided this fast growing part of the market needs a review to ensure it is working in the best interests of investors.

El desnudo de Celia Lora que enloqueció a Instagram
Celia Lora , la hija del roquero Alex Lora , desafió las normas de Instagram y publicó una imagen donde posó en "topless”". En la instantánea aparece totalmente desnuda, viéndose en el espejo y mostrando su trasero.

The criteria include the available trading products, data regarding them, inter-platform interaction, asset managers, financial advisors, and fund rating providers.

In either case, the FCA argued, it was likely an adviser's preferences would be a key determinant in the selection of the platform and the study would therefore explore the impact this has on competition between platforms by exploring the question "Do adviser platforms compete in the interests of the end-investor?"

The regulator adds: "We want to assess the impact advisers have on platform costs and quality, understand whether the benefits advisers secure from their platform are passed onto investors and how use of a platform has affected adviser charges".

"Platforms have the potential to generate significant benefits for consumers and we want to ensure consumers are receiving these benefits in practice".

26 heridos por explosión en un edificio residencial en Bogotá
Al hospital Simón Bolívar fueron enviadas 15 personas, 3 a la Clínica Colina y uno a la Fundación Santa Fe . Los investigadores atribuyen la explosion a acumulación de gases en un ducto de basuras.

It will analyse whether investors have proper product knowledge and if they are guided when making an investment decision, especially where a product is categorised as "complex". "The FCA will assess whether these relationships work in the interests of investors". The study will look at both investment platforms and firms that provide similar services by allowing investors or their advisers to access retail investment products through an online portal.

The FCA's deadline for feedback is 8 September.

The regulator will publish an interim report by summer 2018.

Arthur J. Gallagher & Co. (NYSE:AJG) Director Sells 1000 Shares of Stock
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . Perkins Ltd Limited Liability Company holds 0% of its portfolio in Arthur J Gallagher & Co (NYSE:AJG) for 2,600 shares.

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