Yesterday's BBC Money Box programme entitled The Sins of Commission attempted to reignite debate about the way in which financial advisers are remunerated.
Having seen the argument die down again across the industry, the programme makers presented an argument which seemed to suggest commission – no matter how hard the industry likes to think otherwise – does lead to product or provider bias. One such piece of evidence presented included the research used by CRA International – formerly Charles River Associates – which had suggested there is no bias but now reveals one in five of the cases presented to IFAs actually recommended investment products carrying commission when an Isa would have been more appropriate. According to Kyla Malcolm ...
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