Commission standardisation across the financial services industry sounds great on paper and the IMA ...
Commission standardisation across the financial services industry sounds great on paper and the IMA makes a good case for the adoption of fund management's initial and trail structure. However, its draft response to the ABI's report on commission oversimplifies matters and as a result, ignores the complexity of what advisers actually do. There is no denying the trail commission structure offered by fund management companies to intermediaries to pay for ongoing advice issues is a transparent method. That the majority of companies offer it at the same rate also prevents the stigma of commi...
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