Ivan Massow is back with a controversial new business idea - and he is ready for a "punch-up" as he tries to pinch advisers' clients.
The entrepreneur today launches a new online service (TAKE A LOOK HERE) which, he claims, can help advisers' clients reduce the amount of future trail commission they are due to pay for advice they will not receive. By switching their policies to Paymemy.com, Massow has pledged to rebate 80% of future commissions to customers, while keeping the rest. It's 'no win, no fee' too. If Massow's is unable to track down the commission, "[customers] will not pay a penny". Sound enticing? Well it may do for some of the millions of consumers Massow claims are unaware they are paying trail com...
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