Bundled charging wraps impede transparency - Nucleus

Author: By Hysni Kaso
IFAonline | 03 Oct 2008 | 15:00

Categories: Technology

Topics: David Ferguson

dave-ferguson-60-80-jpg

Ferguson, who runs the IFA-owned and controlled wrap, says current volatile market conditions have increased the importance of allowing investors full disclosure.

“Given the fact nobody is sure when market conditions will improve, it seems there is no better time for advisers to employ client solutions such as wrap that offer total transparency for their clients,” he says.

“Now, more than ever, it is not sufficient for wrap providers to hide behind a bundled charging structure concealing all kinds of conflict of interest and hidden deals.”

Ferguson also expects high quality financial advisers to weather the recent storm.

“The current turbulent market conditions, whilst deeply unsettling for all concerned, serve a timely reminder of the need for premium financial advice,” Ferguson says.

“It may just be that the on-going credit crunch provides the catalyst for greater professionalism in the UK advisory market.”

Contact:
Hysni Kaso
0207 484 9793
Hysni.Kaso@incisivemedia.com

IFAonline

More technology news

Related briefings

Recommended reading

Categories

Topics

  • Comments
  • Print
  • RSS
  • Share
blog comments powered by Disqus

Related articles

Most Read

Audio / Visual

Coffee Lounge

Who picked up the gongs this year?

Protected Product Review Awards 2013

Who picked up the gongs this year?

Advisers and providers gathered at the Grand Connaught Rooms in London on 20 November to celebrate the ingenuity and the graft displayed in the protected product arena throughout the last 12 months. These awards are growing in popularity every year, and our congratulations go to the winners and highly commended.

Events

event logo

The British Mortgage Awards 2014

10 Jul 2014 - 10 Jul 2014

London, UK

event logo

British Mortgage & Protection Senate

11 Sep 2014 - 12 Sep 2014

Surrey, UK

event logo

Managed Solutions Focus 2014

17 Sep 2014 - 18 Sep 2014

London & Manchester, UK

Markets

Job of the week

Poll

Should a permitted investment list be reinstated for SIPP providers?