FCA cracks-down on investment platform profits on client cash The FCA has written a letter to 42 chief executives of financial services firms It believes groups involved in double dipping are not acting out of 'good faith' AJ Bell and Hargreaves Lansdown shares both slumped on Tuesday morning By Harry Wise Updated: 07:17 EST, 12 December 2023 e-mail 2 View comments Britain's financial regulator is clamping down on investment platforms profiting unfairly on customer cash balances and warned firms against 'double dipping'. While investor inflows have weakened this year amid economic uncertainty, platforms have been earning a fortune…
