companies standardising remuneration in preparation for directive, which is due november 2007
Intermediaries may be forced to disclose the difference between the returns for clients paying upfront and those taking trail commissions under the Markets in Financial Instruments Directive (MiFID), Philip Warland, senior adviser at accountants PriceWaterhouseCoopers, has warned. He said commission could only be offered if it improved the investment advice being given and recommendations were not biased as a result of an inducement. Warland said: "In preparation for this directive, companies have been introducing share classes without trail commission or standardising it, so investors ...
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