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 .
Consumer magazine Which? has alleged that advisers at wealth management firm St James’s Place "failed to comply with transparency rules on the disclosure of charges", according to a damning report handed to the Financial Conduct Authority. Through 12 meetings with undercover reporters, the magazine's investigation found that "a quarter of the advisers didn’t admit they weren’t independent financial advisers", and some presented "questionable" and "nonsense" claims, misleading potential customers about the nature of their services.