Adviser Week: FSA gets on the front foot over fund switching costs
by Alex Steger
May 25, 2012 at 12:24
New Model Adviser® news editor Alex Steger recaps on a busy week for the Financial Services Authority, in which it has issued warnings over advisers’ failure to account for cost when switching clients’ funds, payments from platforms, and agreements between IFAs and discretionary fund managers.
Comments (1)
I'm having difficulty seeing a situation in the real world where the small cost of transferring funds, to the best funds available in the market, according to an IFA's detailed research, would disadvantage a client enough for the FSA to publicise it.
Perhaps someone could enlighten me?
13:39 on 25 May 2012
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