By James Thorneley The cost of sales through tied agents is significantly greater than the equivalen...
By James Thorneley The cost of sales through tied agents is significantly greater than the equivalent commission paid to IFAs, according to the PIA's 1999 disclosure report. The report shows that a five year total commission on a 25-year unit linked personal pension plan would range from £149 to £575, while for a company representative the total 'cost of advice' over five years could range from £288 to £1,086. Even so, it highlights that the maturity reduction in yield would be on average 1.7%pa for both. For unit trusts/Oeics on a £5,000 lump sum investment the average initial commissi...
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