Execution-only deals should not carry advice cost, says AITC

Consumers who want to buy execution-only financial services products should be able to buy them from an IFA without paying the full cost of advice, according to the AITC. Speaking on polarisation at the Unit Trust and OEICs 2001 conference in London today, Daniel Godfrey, director general of the Association of Investment Trust Companies (AITC) said there was "plenty of room for improved standards" in relation to charges and polarisation across the entire financial services industry, however, the issue of how consumers are charged, in particular, needs to be addressed. Godfrey said it ...