Advisers give cautious welcome to commission comparison tool

clock

Advisers have given a cautious welcome to a new tool claiming to reveal and compare the amount of commission consumers are currently paying through their investments.

Execution-only service Rplan's tool shows the initial and ongoing commission paid through 31 discount brokers, as well as a ‘typical adviser' and ‘typical bank/insurance company'. The company itself, which offers financial planning tools and facilitates investments through the Cofunds platform, takes no initial commission and rebates at least 50% of the ongoing commission, capping this at £15 a month. It claims £10,680 invested in an ISA every year for ten years would result in total commission (initial and ongoing) of £7,561 through a 'typical adviser', compared to £1,228 through Rpl...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on ISAs

Reeves set to slash £20,000 Cash ISA allowance – reports

Reeves set to slash £20,000 Cash ISA allowance – reports

Announcement to be part of chancellor’s July Mansion House speech

Isabel Baxter
clock 01 July 2025 • 2 min read
Treasury Committee slams 'complex' LISA

Treasury Committee slams 'complex' LISA

Increases risk of poor financial decisions, report states

Isabel Baxter
clock 30 June 2025 • 4 min read
Advisers expecting Cash ISA limits to come into effect by end of year

Advisers expecting Cash ISA limits to come into effect by end of year

Wealth tax changes drive client demand for cash, research finds

Isabel Baxter
clock 06 June 2025 • 2 min read