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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 theyíve been around in Spain since the year dot, they are authorised by the Financial Services Authority (FSA) but they wonít tell you how much you have to pay them !

They can dress up commission in any way they like but itís what YOU pay THEM - Itís 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 canít 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 donít 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, Iíll also give that the oxygen of publicity too!

So come on guys tell us, why wonít you disclose commission?

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