Remuneration model is "commission rebate" says AIFA

Sandler's proposals to redesign the IFA remuneration model are not as harsh as initially thought, says Paul Smee, director general of the AIFA, because they are broadly based on existing commission rebating. Although some of Sandler's first comments suggest only fee-based advisers will be recognized under a reformed regime, further details inside his review of the Medium and Long-Term Retail Savings in the UK proposals for remuneration are much more positive than anticipated as Sandler favours only independent advice. Moreover, further discussion with the Sandler team - after the p...