The Lang Cat

Descending finance graph, decrease coins heap with arrow sign on wood block as graph symbol, business and econnomic recession, credit decrease or less saving money

Industry | 6 Feb 24

The Lang Cat: Advised platforms suffer record outflows in 2023

Outflows increased by 36.3% compared to 2022

Companies | 29 Nov 23

Polluter pays framework ‘counterproductive’- Industry reacts to FCA proposals

As personal investment firms will be expected to set aside capital to cover compensation costs

Unhappy and disappointed customer giving low rating and negative feedback in survey, poll or questionnaire. Sad and dissatisfied man giving review about service quality. Bad user experience.

Companies | 23 Nov 23

91% of advisers say poor platform service impacts their day-to-day work

With one adviser stating they are ‘sick of useless service and systems’

Industry | 16 Nov 23

Advised platform outflows reach record high

Contributing to hardly any asset growth for advised platforms

Fees

Companies | 9 Nov 23

Advisers switching fee structures in reaction to Consumer Duty fair value

With 3% of firms still in noncompliance