1st Software says a survey of some 100 IFA firms suggests nearly 80% expect to rely on software to deal with new rules requiring greater transparency of trail commission for consumers.
These rules mean advisers most provide more data to back up recommendations, and ensure such data are recorded for regulatory purposes, 1st says. The online poll has found, however, that about 1-in-10 advisers still do not know how they will deal with the new demands no trail commission data. IFAonline
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
