At least half of all IFAs believe they should receive trail commission even though there is no evidence of ongoing service, according to the latest IFA Census.
This month’s IFA census survey, conducted on behalf of the Association of IFAs, suggests 51% of the 374 IFAs surveyed think they should be paid trail commission, even though the Treasury Select Commission recently questioned why someone anyone would be paid where no work is completed. However, at the same time as advisers say they should be paid where no work is visable, almost nine out of ten respondents (88%) see trail commission as payment for ongoing administration, while 82% regard it as payment for ongoing advice and just 35% regard trail as some form of deferred initial commission...
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