The MiFID II LEI rules could cause potential conflicts of interest, and inconsistencies between advisers and providers, which "does little to protect the end-consumer", according to IFA Martin Bamford.
The Informed Choice managing director and IFA (pictured) said he had told an individual client with a small self-administered scheme (SSAS) they did not need a Legal Entity Identifier (LEI) - only for...
'Necessary steps' taken
Penalty payments and enforcement policy
Fees as low as 0.04%
Client procurement costs ‘unsustainable’
Only 9,486 applied for the benefit in 12 months