TITLE

'FSA is failing on platform pricing'

AUTHOR(S)
Scott, Tracey
PUB. DATE
July 2009
SOURCE
Money Marketing;7/9/2009, p21
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the criticism of Novia on the failure of the Financial Services Authority (FSA) to unbundle platform pricing for advisers and clients in its retail distribution review (RDR) consultation paper in Great Britain. According to chief executive officer (CEO) Bill Vasilieff, the FSA has not discovered on the lack of transparency in client charges in the platform pricing. He stated that FSA should have considered that there are undisclosed rebates from fund managers to advisers.
ACCESSION #
43459451

 

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