Financial Services Industry
Industry: Email Alert RSS FeedCommission disclosure attacked.
Financial Adviser, March, 2007
Byline: EFFAFI to call on European Commission to scrap rules that favour large businesses and disadvantage small firms
Commission
Commission disclosure is not acceptable, brings no advantages for consumers and only benefits large brokerages, a leading figure in the European financial adviser movement has warned.
Vincent Derudder, secretary general of the European Federation of Financial Advisers and Financial Intermediaries, which represents 200,000 intermediaries across Europe, raised the issue of commission disclosure during a hearing organised by the European Commission last week.
Mr Derudder said he will now write to the European Commission calling for an end to the requirement for intermediaries to disclose commission, a...
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