interactive investor moves to restrict poor value investments on its platform

Under Consumer Duty regime

interactive investor has joined Fidelity’s personal investing platform in restricting investments into funds or trusts that have been assessed as not representing value for money, as part of its obligations under the new Consumer Duty rules.

The platform said it is not currently publishing a list of unavailable investments, but it is alerting customers who have regular investments set up.  "As the process evolves and while the Consumer Duty regime matures, it is difficult to know how long they may be unavailable for when we are waiting for fair value assessments," said Jemma Jackson, head of PR at ii. "Restrictions, we would at least hope, need not be long term."  interactive investor calls for UK firms to improve shareholder communications Of funds currently restricted, ii said the vast majority have been imposed beca...