Advisers can receive commission statements electronically and match them against their expected income after the latest launch by IFA technology provider Plum Software.
The firm’s new Commission Link software, now available to all Plum users free of charge, automatically reconciles commissions and also allows users to see their projected income from commission in the future. Plum says Commission Link will help advisers meet the FSA’s treating customer’s fairly (TCF) principles, as well as help them complete their RMAR reports which ask for accurate commission records. Ann Dempster, Plum Software managing director, says: “Commissions are a crucial part of any adviser’s business and so we’re delighted to be able to inform the market that Commission Link is...
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