Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Why won’t they disclose commission?

By David Goodall - Tue 19th Jul 2011

Just one of the scandals of (some) FSA authorised advisers in Spain....

They pay for big adverts in the newspapers, they proudly declare that they’ve been around in Spain since the year dot, they are authorised by the Financial Services Authority (FSA) but they won’t tell you how much you have to pay them !

They can dress up commission in any way they like but it’s what YOU pay THEM - It’s your money !

Since 1993 FSA rules have stated how commission must be disclosed in the UK - but they do NOT do this in Spain. What do they have to hide ?

This continues to perplex me, I can’t understand why this should be the case and, quite frankly, I think it is wrong!

They advertise in English speaking newspapers, they tell us they are authorised and regulated by the FSA in the UK but they don’t disclose their commissions which has been an FSA rule since 1993.

Why?

Well this is their chance to tell you. If any of the International Financial Advisers who are authorised and regulated by the Financial Services Authority (FSA) want to explain by adding their comments (below), I will republish their words without any alteration or redaction. So come on, you know who you are come and tell us!

But if no one takes up that option, I’ll also give that the oxygen of publicity too!

So come on guys tell us, why won’t you disclose commission?

Comment on this Blog

 
Be the first to comment on this Blog !!

Related Partners

Recommended Items

More Blogs By David Goodall

Related Articles

Blogs From Other Users