Anthony Rafferty responds to the FCA’s Investment Platforms Market Study
“As the industry’s solution to automated transfers, we welcome the publication of the FCA’s Investment Platforms Market Study.
“Our purpose at Origo is to reduce costs and inefficiencies so that our industry can continue to deliver improved outcomes for consumers. Our Transfer Service, in successful operation for over 10 years with over 100 companies on-board, facilitates cash and re-registration transfers, and has reduced transfer times to an average of 11 calendar days, removed £600m costs from the process for many businesses while processing c. 50,000 transfers a month.
“The FCA’s support for the industry’s STAR initiative to improve the efficiency of the transfer process, is very positive and should encourage other firms to join STAR so that even more consumers can switch platforms safely and easily with minimum cost and complexities to all parties involved.”