FSA to allow trail commission on fund switches within life policies
The Financial Services Authority (FSA) will allow advisers to continue to take trail commission after 2012 on fund switches within life policies set up pre-RDR.
The FSA had already banned 'legacy' commission post-RDR. This sees commission due on assets set up pre-RDR turned off if new advice is provided on the assets. Commission due on pre-RDR assets where...
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