COMMISSION DISCLOSURE POLICY
Finset Limited abides by the Financial Conduct Authority (FCA) rules regarding the disclosure of commission.
We receive our income through our panel of lenders for the introduction of customers whoare consumers, sole traders or small partnerships and who use our services resulting in theentering into an agreement which is regulated by the Consumer Credit Act through ourpanel of lenders.
The FCA expects regulated firms to ensure that customers are aware of the existence andamount of any commission, before the credit agreement is entered into, if any of thefollowing apply:
● from the customer’s perspective, the commission could have unduly influenced thebroker into recommending or offering a particular product.
● knowing about the existence or amount of the commission would materially impactthe customer’s decision in entering the credit agreement
● the customer has formally requested details of the commission.
What Are We Required to Disclose?
We are required to disclose the existence of commission and upon request the amount of commission we receive for the introduction of a Credit agreement.
When Can a Customer Request This?
A Customer may ask for commission disclosure at any time from our initial discussions through to the point when their agreement is set live. In line with our company policy, a commission disclosure shall be provided within 5 business days.
How Do I Request a Commission Disclosure?
If you would like Finset Limited to disclose any commission, please make your request to:
In writing:
Joanne Mowatt-Morris
Compliance Manager
Finset Limited
64-66 Burgundy Court
Springfield Road
Chelmsford
Essex CM2 6JY
Email: compliance@finset.co.uk
Telephone: 01245 967 999
