Deloitte warns of 'complexities' in commission-free market

As commission will continue to be payable in certain circumstances post-2012, the consultancy warns providers facilitating adviser charging will need to be mindful of their processes when determining when commission is and is not payable. While commission will be prohibited on new advised sales under RDR, it can still be paid on products arranged before the introduction of the rules as well as on protection products and execution-only sales. Commission on increments to investment products sold prior to 1 January 2013 may also be permissible. Deloitte warns the facilitation of advis...