Threesixty calls for action from wrap providers

Threesixty has called on wrap providers to either support IFAs using their platforms or vet them to ...

Threesixty has called on wrap providers to either support IFAs using their platforms or vet them to ensure they adhere compliance requirements, following the FSA's discussion paper on wraps and the implementation of MiFiD in November. The IFA support services provider believes platform providers should vet IFAs to ensure they are able to provide clients with the necessary information and if necessary, provide guidance and assistance. Wrap providers should also reach a consensus on what is acceptable terminology. Under MiFID, product providers and platforms would no longer be required ...