AMI warns brokers over investment sales - Financial Services Recruitment - Emu Consulting

The Association of Mortgage Intermediaries says mortgage brokers moust be careful of conflicts of interest when selling investment products.

In a letter to members, director general Chris Cummings warns there are concerns over savings products such as accumulation, investment and income plans, as well as guaranteed structured products as they are designed to be sold without advice.

He says: ''There is a potential for conflict of interest when a broker is wearing one hat as an independant mortgage broker and another hat as a tied investment adviser. There is increased room for confusion and advice could inadvertently be given in the wrong circumstances.