Advisers ditching initial commission for fees
Advisers are moving away from initial commission towards fees, Skandia sales over the last two years suggest.
The firm says the proportion of intermediaries selecting the fund-based fee option on its capital and income bond product has doubled from 22% in 2005 to 44% last year. Meanwhile, the average level of...
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FSCS reveals £4m spend on communications and advertising after increasing advisers' levy
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