Commission by any other name

The Financial Conduct Authority’s (FCA) review into whether adviser firms continue to be influenced by inducements from product providers proved to be damning reading. A case of ‘commission’ by any another name, it found that advisers across the market were still receiving incentives from life offices, in turn influencing their relationships. The paper, GC13/5 Supervising retail investment advice: inducements and conflicts of interests, sampled 26 life insurers and advisory firms about their service. It found many practices were in clear conflict with the spirit of the Retail Distribu...