Commission Disclosure
WHO ARE WE?
Armstrong Nationwide Ltd/360 Funding abides by the Financial Conduct Authority (FCA) rules regarding the disclosure of commission.
We generate our income through contractual agreements with our carefully selected panel of lenders. We receive a commission for the introduction of customers who use our services that results in them entering into a credit agreement.
The FCA expects regulated firms to ensure that customers are aware of the existence and amount of any commission, before the credit agreement is entered into, if any of the following apply:
from the customer’s perspective, the commission could have unduly influenced the broker into offering a particular product
knowing about the existence or amount of the commission would materially impact the customers decision in entering into 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 customer that is looking to enter into a credit agreement.
When Can YOU 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 3 business days.
How Do YOU Request a Commission Disclosure?
If you would like Armstrong Nationwide Limited / 360 Funding to disclose any commission, please make your request to:
In writing:
Steve Barber
Director
17 Riverside Studios
Amethyst Road
Newcastle Upon Tyne NE4 7YL
Email: steve@360funding.co.uk
Telephone: 0191 605 3888