Responding to the publication of the FCA's Investments Platform Market Study, Rob Yuille, Assistant Director, Head of Long-Term Savings Policy, Association of British Insurers, said:
“The FCA recognises that the platform market is working well for most consumers. In this rapidly growing market, innovation is further stimulating greater choice and providing value for consumers and advisers. We are pleased that the FCA has welcomed progress being made across the industry to improve the switching process through the STAR initiative, which the ABI played a key role in facilitating. We want to see a platform market that works in the best interests of all consumers, and we will continue to engage with the FCA and feed into their consultation to ensure that this happens.”