The BBC's Money Box will tonight broadcast a programme at 20:02 suggesting commision bias is still a problem across the financial services industry.
Contents of this special edition of Money Box entitled The Sins of Commission - previewed on the BBC website - reiterate evidence from the recent ABI-commissioned report into commission which found there is no evidence of commission bias among financial intermediaries. However, comments offered by the Financial Services and The Consumers' Association suggest it does influence product recommendations. ((N.B. If anyone has conducted any research into the cost of financial advice on their own clients and compared consumer preference for either fees or commission, please contact the edito...
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