The 13 triggers of the legacy commission ban

The consultation paper sets out practical examples of activities not falling under adviser charging rules (see second table below) - including platform re-registration and where firms provide discretionary management services and no advice is given. Circumstances which fall under the scope of adviser charging rules - such as recommending a certain investment - do also apply to life policy funds, the FSA said.      Recommendation  Regulated under article 53 I recommend that you take out the ABC investment.   Yes. This is advice which steers the client in...