Investment - Articles - AIC expects new rules will boost investment profiles

 The Association of Investment Companies (AIC) today welcomed the FCA's Policy Statement PS13/1

 "Payments to platform service providers and cash rebates from providers to consumers." The AIC believes the new rules will lead to an increased profile for investment companies on platforms.

 Ian Sayers, Director General of the Association of Investment Companies said: "These rules are good news for consumers. The decision whether to include a product on a platform will now be driven by what consumers and their advisers want, rather than whether a product provider has paid for access.

 "Consumers will benefit from a clean pricing model where they will be able see exactly how much they pay for advice, the fund and the platform they use. This will allow consumers to compare platform charges more easily, increase competition and improve service standards.

 "It will also encourage platforms to hold a broader range of investment products, including investment companies, which have not paid for access in the past."