For or against fees or commission?

The important thing is that clients know exactly what they are getting for their money

I am neither for nor against fees or commission. Since January 1995, we have had a robust disclosure regime that requires advisers to disclose any commission payable prior to a client signing an application form for a financial product. Fees are by their very nature disclosed up front, or at least they should be. The argument for or against fees or commission for financial advice is a convoluted argument. In practice some clients prefer to pay a fee, while others are very reluctant to do so, preferring their adviser to be paid through the commission mechanism. A number of IFAs who claim ...