Direct deals are driving out advice

Cicutti, Nic
August 2009
Money Marketing;8/6/2009, p14
In this article the author reflects on the importance of mortgage advices from advisors concerning their products in Great Britain. He cites the stand of the Financial Services Authority (FSA) when it rejected the claim of the independent financial advisors (IFAs) about the implications of a direct-to-lender product. The author forecasts the possible implications of the FSA's ruling on non-advised mortgage sales in which consumers will end up paying thousands of pounds.


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