letter

letter

Why was agreement abandoned?

Julian Stevens, WDS Bristol Dear Sir, I think I must be missing something here because, despite all the hot air constantly spouted about commissions, bias and (claimed lack of) competition, I still don't understand why the Maximum Commissions Agreement (not that I recall anyone agreeing to it) was abandoned all those years ago. Surely, if illustrations for two directly comparable (investment) products are put side by side and both are offering the same amounts of commission to the intermediary, then any differences in projected values can be straightforwardly ascribed to differing level...