Disclose white-labelling costs, advisers warned

Milner, Leah
May 2009
Money Marketing;5/21/2009, p28
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.


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