Double dipping....
"A word of warning about such arrangements - in theory a broker can choose to take commission from both the wrapper provider and the tracker provider, essentially being paid twice for the same sum of money. Such commissions must be disclosed, but personally I think that this level of double-charging shouldn't occur."
Liam,
Are you sure? I thought the reason "double dipping" worked was that only the LifeCo commission was subject to disclosure and the bold boys involved can take commission from the deposit tracker on the quiet.
"A word of warning about such arrangements - in theory a broker can choose to take commission from both the wrapper provider and the tracker provider, essentially being paid twice for the same sum of money. Such commissions must be disclosed, but personally I think that this level of double-charging shouldn't occur."
Liam,
Are you sure? I thought the reason "double dipping" worked was that only the LifeCo commission was subject to disclosure and the bold boys involved can take commission from the deposit tracker on the quiet.