The magazine Which ? has alleged that advisers at investment banking firm St James SJP was contacted by Financial Planning Today for comment on the findings from the Which? ’s Place " failed to comply with transparency rules on the disclosure of charges " , according to a 2011 report handed to the Financial Conduct Authority . Through 12 interviews with undercover reporters , the magazine 's investigation found that " a quarter of the advisers did n’t admit they were n’t independent financial advisors " , and some presented " questionable " and " nonsense " claims , misleading potential customers about the nature of their services .
The magazine Which ? has alleged that advisers at investment banking firm St James ’s Place " failed to comply with transparency rules on the disclosure of charges " , according to a 2011 report handed to the Financial Conduct Authority . Through 12 interviews with undercover reporters , the magazine 's investigation found that " a quarter of the advisers did n’t admit they were n’t independent financial advisors " , and some presented " questionable " and " nonsense " claims , misleading potential customers about the nature of their services .