Broker Tullett Prebon has announced the launch of its Third Sector broking desk, a fee free service that will help charities invest in a wider range of financial products by acting as an intermediary between the charity and the borrower.
Nigel Dawes, head of the Third Sector Desk, said: “We recognise the increasing pressure charities are under to deliver returns in a low interest rate environment and, very often, management fees from intermediaries significantly decrease the money they are making.”
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