ifas get a third more from investors making monthly contributions than lump sum payments
IFAs are receiving almost a third more commission for investors who make monthly contributions into collective investment schemes compared with lump-sum investors, according to FSA figures The regulator has calculated average commission levels for a range of investment products in preparation for the new menu system, which will require advisers to tell clients what market average rates are and the firm's maximum commission. According to the FSA's figures, collective investment schemes offer an average commission of 28.67% of the first year's contributions on regular-premium schemes or 3....
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