Jeremy Goford, outgoing president of the Institute of Actuaries says commissions being paid to IFAs are hurting consumers and result in un-necessary products being sold.
Such payments merely drive competition to sell rather than provide good advice: Goford cites the lack of advice to repay debt because there are no commissions involved in such advice, reports The Daily Telegraph "The role of the actuarial profession is to speak out when we spot these flawed structures. Our responsibility is to research, inform and speak out so that those with the power to make changes understand the implications of those flawed structures and many mitigate or eliminate them, if they choose,” Goford says. STOCKBROKER BREWING Dolphin has been criticised by a judge for no...
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