Menu: Tied sales must continue with commission equivalent

Information concerning the commission equivalent calculations will still be complicated but the FSA basically argues - in Reforming Polarisation: Implementation - Feedback on CP04/3 (A menu for being open with consumers) and made text Appendix 1 COB 5.7.16 E Section 19 - the calculations used by banks and similar firms should reach roughly the same level of commission as it if recommending the product under the usual remuneration system. This has to be done by bringing together all payments, benefits and services along with an additional allowance for profit of 15% "unless the firm can ...