Nat Mutual introducing clearer fees

National Mutual is altering the pricing structure on its single premium contracts to make annual charges and intermediary remuneration explicit to consumers, writes Simon Falush. The new regime means advisers will either have to take a fee or signal how much commission, in cash terms, is coming from the product. Currently, advisers can report the commission in percentage terms so the consumer does not necessarily know how much goes to the adviser. Intermediaries will have to stipulate the amount of cash they are to receive from the initial charge and renewals, which will be stated on th...