“Why on earth would you promote an execution-only model in a regulated industry?”
Mr White thought the big danger for brokers was the charging structure of a broker’s services.
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He said: “While consumers will want and require advice, if they can access a product directly without paying an additional fee then they will.
“It certain brokers become too greedy with their fee charging, that will ultimately have an impact on their business.”
imogen.tew@ft.com
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