AIFA and FSA set for commission showdown?

Tracey Mullins, director of public affairs at AIFA, says the FSA’s announcement that its review of retail distribution would look at the suitability of commission and the possible alternatives to it does not come as a surprise. She says the regulator’s position on commission based payments is well known - despite the fact the regulator states it is not its job to say what should or should not exist in the market. Announcing the themes of the retail distribution review yesterday Clive Briault, managing director of retail markets at the FSA, referred back to a speech made by FSA chairman C...