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Evening Standard
Evening Standard
Business
Oscar Williams-Grut

Interactive Investor boss Richard Wilson says FCA ‘fumbled the ball’ on ‘hostage’ exit fees

Interactive Investor CEO Richard Wilson

(Picture: Daniel Hambury/Stella Pictures Ltd)

The boss of Britain’s second biggest investment platform has accused rivals of taking customers “hostage” by charging high exit fees that trap them.

Richard Wilson, CEO of Interactive Investor, said the City watchdog had “fumbled the ball” by failing to stamp out exit fees in the sector.

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