Providers back adviser charging on GPPs

In their responses to the FSA's latest consultation on whether to extend the adviser charging model to the corporate market, firms say the model can work, but have reservations about its implementation. Most firms support the implementation of some form of adviser charging in the GPP market. Scottish Life argues the GPP market had far more instances of switching, which may be linked to commission churn, than the individual pensions market, and believes change is needed. Other providers agree, and say there should not be any opportunity for firms to avoid adviser charging. "We ag...