Richard Stone, chief executive of the Share Centre, said: "As a net recipient of customers transferring in, we believe these measures should benefit our business. We pay most transfer costs incurred by customers from other platforms transferring to us.
"The abolition of exit fees would not therefore have a material impact on our business and if universal across the industry, may actually prove to be positive not least as if it encourages more people to transfer, we believe we will continue to attract a net movement of customers onto our platform."
A spokesman for St James's Place said they would be unaffected by the axing of exits fees.
The spokesman for SJP said: "We are analysing the FCA's report in full and will be responding to the consultation in due course. In the meantime, we acknowledge that the proposals do not extend to product related exit fees.
"We do not currently apply any exit charges on the activities that the FCA list as in scope in the paper."
Mike Barrett, consulting director of Lang Cat, said there is a danger the impact of any abolition or restriction of transfer fees would simply lead to "waterbedding", which is the practice of a fee that disappears, resurfacing somewhere else, so the overall impact for the end consumer is the same.
Jackie Boylan, head of Fidelity FundsNetwork, said there was no mediocre measures from the FCA with a proposed ban on exit fees, rather than a cap.
She said: "We do not charge exit fees so we welcome the FCA's focus on ensuring that consumers are charged reasonably without penalties for transferring their assets."
Nick Blake, head of personal investing at Vanguard, said he was a strong supporter of the FCA's further consultation on exit fees.
He said: "We believe a total ban would be appropriate. Fees penalise consumers and only serve to deter them from switching investment provider."
When Vanguard’s low-cost direct-to-consumer service launched in May 2017, Hargreaves Lansdown's share price fell by nearly 8 per cent.
While the Bristol-based broking and advice firm's share price recovered slightly this morning, it was the business worst affected by the launch of Vanguard's proposition.
Vanguard's direct-to-consumer online service launched charging an annual account fee of just 0.15 per cent.
|Sipp Transfer-Out||Isa Transfer-Out||Stock transfer|
|AJ Bell youinvest||£75 + VAT||None Listed||£25 per stock|
|Alliance Trust Savings||1% of the value up to maximum of £150 + VAT. Free if over 55 and opened account after 31st March 2017||£100 + VAT||None Listed||http://www.alliancetrustsavings.co.uk/forms-documents/fees-charges/charges-guide.pdf|
|Aviva Consumer Platform||None Listed||None Listed||https://www.aviva.co.uk/investments/investment-products/stocks-and-shares-isa/|
|Barclays Smart Investor||None Listed||None Listed||https://www.barclays.co.uk/smart-investor/investments/investment-costs/#whatsincludedinourcustomerfee|
|Bestinvest||£75 + VAT for cash transfer, £125 + VAT for in-specie||None Listed||None Listed||https://www.bestinvest.co.uk/media/1602/keyfacts-non-advised.pdf|
|Charles Stanley Direct||£125 + VAT||None Listed||£10 per stock||https://www.charles-stanley-direct.co.uk/Registration/RatesAndCharges|
|Close Brothers A.M. Self-Directed Service||None Listed||None Listed||None Listed||https://www.closebrothersam.com/media/1927/charges_factsheet.pdf|
|Fidelity Personal Investing||None Listed||None Listed||None Listed||https://www.fidelity.co.uk/services/charges-fees/|
|Halifax Share Dealing||£75 + VAT||None Listed||£25 per stock (Capped at £125)||https://static.halifax.co.uk/assets/pdf/filestore/CostAndCharges.pdf|
|Hargreaves Lansdown||£25 + VAT||£25 + VAT||£25 per stock||https://www.hl.co.uk/investment-services/fund-and-share-account/charges-and-interest-rates|
|Interactive Investor||None Listed||None Listed||None Listed||https://media-prod.ii.co.uk/s3fs-public/pdfs/rates_and_charges_uk.pdf|
|iWeb||£75 + VAT||None Listed||£25 per stock (Capped at £125)||https://www.iweb-sharedealing.co.uk/charges-and-interest-rates/sipp-charges.asp|
|James Hay Modular iPlan||£150||£50 + VAT||None Listed||https://www.jameshay.co.uk/OldCMS/DocumentView.aspx?DocumentID=2993|
|Selftrade||None Listed||None Listed||£15 per stock||https://selftrade.co.uk/informational/investing-with-us/our-fees|
|The Share Centre||£125 per account||£25 per account||£25 per account||https://www.share.com/globalassets/assets/downloads/cost_sheet.pdf|
|Vanguard Investor||None Listed||None Listed||None Listed||https://www.vanguardinvestor.co.uk/what-we-offer/fees-explained|
|Willis Owen||None Listed||None Listed||None Listed||https://www.willisowen.co.uk/help/charges|