RDR: Protection market keeps commission model

Problems of fee-transparency in the retail investment market are not prevalent in insurance and getting rid of commission will not solve existing concerns, it says. Today's consultation paper states: "We do not think that remuneration structures are a key driver of the problems noted above and so, from this analysis, extending adviser charging to pure protection sales would not enable us to target them." "The cost to the customer is relatively transparent (in contrast with investments, where the cost is typically a function of the fund value and therefore subject to change)," it reads...