Building society bypasses intermediaries to offer 150% participation rate over six years
West Bromwich Building Society offered the highest participation rate of structured products based on the FTSE 100 in July by cutting intermediaries out of the sales process. According to the website srpadviser.com, West Bromwich carried the highest participation rate of the 54 new products issued in July, with a rate of 150% over six years. Robert Benson, director of srpadviser.com, said: "The prize for the best FTSE participation rate for a simple uncapped call product went to West Bromwich, distributed as a non-advised direct offer with no commission payments, either internal or exter...
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