Blog: Let's lift the DFM commission cloud

News of Fidelity predicting a ban on commission as the Financial Conduct Authority (FCA) looks to close the remaining gaps left by the Retail Distribution Review (RDR) has brought the question of commission for discretionary fund managers (DFMs) back into focus. This is a topic that isn't going to go away and it does look like an anomaly given that it's now nearly two years since RDR, with its far-reaching changes, was brought to bear. Fidelity's prediction may come true, not because of the regulator's view, but because of market demands. For instance, we don't accept any new clients ...