FSA raises commission versus fees issue

In the CP121 document on polarisation, the FSA raises the thorny issue of commission versus fees. Those in favour of fees being the uniform standard method of payment across the industry often cite the legal and accountancy professions as examples of good practice. However, they neglect to mention that while fee payment is common when it comes to probate or commercial matters, the vast majority of litigation departments within law firms have established the concept of no win, no fee and we see a parallel here. The question of for whom the adviser is acting is not compromised by...