New FCA platform rules could mean more product sales via platforms

Electronic platforms that charge fees instead of taking provider commission could, from April 2014, sell more products, as investors try to make the most of the charges they have to pay

Platform sales may increase after FCA charging rules

Financial Conduct Authority (FCA) rules relating to the sale of financial products via electronic platforms could mean more products being sold in this way.

The new rules, published by the authority on April 26, essentially finalise what much of the structured products industry knew before: that platforms selling retail financial products from a range of dealers or issuers will no longer be able to make their money via commission from product providers. Instead, they will need to agree and

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