SEAM opts to change commission

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Scottish Equitable Asset Management is altering the commission structure on Isa business to move it ...

Scottish Equitable Asset Management is altering the commission structure on Isa business to move it in line with its Oeic commission offering. The group is moving to an Isa commission level of 3% initial and no renewal from its previous offering of a choice of 3% initial and 0.25% renewal or 5% initial and no renewal. However, SEAM said that depending on volumes of business from given IFAs, trail commission of 0.25% or 0.5% could be offered to IFAs along with 3% initial commission. The move is aimed at offering a more flexible menu of commission arrangements to brokers. The initial char...

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