Cummings raises point of bank factoring

Blackmore, Nicole
July 2009
Money Marketing;7/16/2009, p7
The article presents the viewpoints of Association of Independent Financial Advisers (AIFA) director general Chris Cummings regarding bank factoring under the retail distribution review (RDR) consultation paper in Great Britain. Cummings has questioned if RDR allows banks to offer factoring facilities to the advisers. The scheme was also driven by the banning of bank factoring proposed by RDR.


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