The Financial Conduct Authority (FCA) is to launch a study into investment platforms with the aim of adding more pressure to providers to offer investors more competitive pricing and to remove barriers for easy switching.

This review is part of the FCA's 2017/18 business plan and will start this year and report in 2018/19. 

The key areas of concern that the study will seek to alleviate are whether there is enough competition to put pressure on asset management fees, whether investors were benefiting from economies of scale and whether some platforms were hampering investors who want to switch. 

The study will look at both intermediated and direct consumer platforms with the outcome seeking to benefit all investors and help them to get better value for money.

For those investors who do-it-themselves and for advisers looking to optimise their clients investments, this will be a welcome intervention.