Uninformed IFAs should not be sold wraps - threesixty

The group's plea follows the recent FSA discussion paper on wraps and the upcoming MiFID implementation. From November, product providers and platforms would no longer be required to issue clients with post-sale product information, with the responsibility falling to IFAs. Proposals in the discussion paper on wraps require IFAs to disclose charging structures and remuneration methods, including share ownership schemes, to clients in a clear and understandable manner. However, threesixty says platform providers still have a key role to play and should scrutinise IFAs to check they are me...