TITLE

Disclose white-labelling costs, advisers warned

AUTHOR(S)
Milner, Leah
PUB. DATE
May 2009
SOURCE
Money Marketing;5/21/2009, p28
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the warning of Threesixty Services LLP that the failure of financial advisers to disclose the cost of white-labelling a platform could place them in breach of treating customers fairly in Great Britain. It is advised that the advisers are required to be alert in treating customers fairly if they will not reveal to the client about the platforms. Wrap platforms add an extra 15 basis points to the cost which consumer pays for and the distributors and its advisers split up.
ACCESSION #
41687478

 

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