IFAs still counting on commission - Skandia

clock

Most UK financial advisers remain dependant on initial commission despite a marked shift toward a "new model" of holistic financial planning, research suggests.

According to the latest Financial Planning Index from Skandia, most advisers (61%) have less than 40% recurring income, suggesting they are mostly remunerated from initial commission. Of those, 29% receive less than 20% of their revenue from recurring while 32% receive between 21% and 40%. The results are broadly in line with an online Skandia survey of 500 advisers in August last year, which suggested 59% of remuneration comes from initial commission, with 26% from trail commission and 12% from fees. However, Skandia says the 39% of respondents who have achieved more than 40% recurri...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Treasury's AR consultation: Extending the FOS' scope a 'concern'

Treasury's AR consultation: Extending the FOS' scope a 'concern'

‘FOS needs to be overhauled as it is’

Isabel Baxter
clock 19 February 2026 • 4 min read
In Accord launches advice firm client investment 'badge' initiative

In Accord launches advice firm client investment 'badge' initiative

To demonstrate commitment to understanding client needs

Laura Purkess
clock 17 February 2026 • 2 min read
Feel Good Friday: Quilter pledges £3m towards financial education

Feel Good Friday: Quilter pledges £3m towards financial education

Alongside £1m in grants supporting charities

Professional Adviser
clock 13 February 2026 • 1 min read