'Commission adversely influences advice' - financial execs

clock •

Commission adversely influences advice to consumers, according to nine out of ten financial services executives at a Watson Wyatt-hosted debate.

Most of the audience at the Watson Wyatt Debating Forum - held on 8 November - believe commission affects the delivery of objective advice to clients. Half also said they believed commission does not fit with providing objective advice to consumers. A total of 47% of the audience agreed with the motion that "this house believes that remuneration by commission is incompatible with objective consumer advice" before the debate. Those in favour rose to 55% after the debate. Dominic Lindley, principal policy adviser at Which?, and Andrew Fisher, chief executive of the Towry Law Group, pro...

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

Women in Financial Advice Awards 2026: Photo highlights from the night

Women in Financial Advice Awards 2026: Photo highlights from the night

Celebrating the best women in advice and financial services

Professional Adviser
clock 06 November 2026 • 1 min read
Feel Good Friday: Rathbones donates £35,000 to London Youth

Feel Good Friday: Rathbones donates £35,000 to London Youth

Youth Work Week

Professional Adviser
clock 06 November 2026 • 1 min read
Women in Financial Advice Awards 2026: Winners' gallery

Women in Financial Advice Awards 2026: Winners' gallery

Championing women in advice and financial services

Professional Adviser
clock 05 November 2026 • 1 min read