Free Government consumer advice could be compromised by pressured financial distributors, advisers w...
Free Government consumer advice could be compromised by pressured financial distributors, advisers warn. Economic secretary to the Treasury Ed Balls announced on 15 January the appointment of a taskforce to research and design a free national generic financial advice service. Justin Modray, investment adviser at Bestinvest, said while details of the strategy are unclear, it appears the service would be funded by the financial services industry and the Government, If this was the case, distributors selling advice could be pressured to promote certain products. “There is a risk that the...
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