Hargreaves Drops as U.K. Weighs Banning Some Consumer Fees

Investment platforms such as Hargreaves Lansdown Plc and Barclays Stockbrokers may lose the right to charge exit fees as the U.K. financial watchdog seeks to make it easier for customers to switch providers. The Financial Conduct Authority found that consumers who would benefit from a switch can find it difficult and time-consuming to do so, according to a study published on Monday. Consumers typically don’t shop around when choosing a platform, with 29 percent either not knowing they pay fees or thinking they don’t pay any, the FCA said.