A 33% commission hike on a structured product no different from its predecessors or several others i...
A 33% commission hike on a structured product no different from its predecessors or several others in the market is a troubling development. Especially at a time when the financial services industry is trying to banish the spectre of commission bias. Nvesta's latest six-year product is no different from many others launched in recent years, offering capital protection plus 100% of any increase in the FTSE 100 with a 110% minimum return. The only difference is that this vehicle is offering 4% commission compared to the industry, and former Nvesta, norm of 3%. While the group has also o...
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