Most advisers would welcome the introduction of customer agreed remuneration (CAR), but only on condition the FSA reduced regulatory fees, research suggests.
A study conducted by Zurich found more than six in every ten advisers would adopt CAR provided it included certain financial incentives and commission offsetting. However, one in ten said they would leave the industry rather than embrace the new proposal, a key aspect of the FSA’s Retail Distribution Review (RDR). The research, conducted using the views of 910 advisers, also suggests commission remains a popular choice of remuneration. Seven out of ten advisers indicated a combination of initial and trail commission would be their ideal choice of remuneration, whereas less than a fifth...
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