UK watchdog to assess if online retail fund platforms offer clients good value

London

BRITAIN'S markets watchdog will study whether online funds platforms that dominate the retail investment market are doing all they can to offer customers a good deal.

The Financial Conduct Authority (FCA) said that it will look at how platforms and similar services offered by banks, insurance companies, financial advisers and asset managers compete, and whether they use their bargaining power from pooling money to benefit investors.