Transparency, not commission, is the issue

He argues whether advisers charge commission or a fee is not the core issue and the problem with the retail distribution model lies in its lack of transparency. He believes many advisers do not present a clear outline of what they will do and how much it will cost, and instead skirt around the issue hoping to be paid adequately when they sell a product. He states: “Whilst I agree the current model does not serve many consumers, providers or advisers, banning commission is not the answer. This seems a pretty draconian measure in a free market society that would probably result in more ...