Trail commission: when it can and can't be paid

Although the regulator has stuck to its guns on its policy, it has cleared up some areas to help advisers and providers work out when they can keep taking trail commission, including with fund switches. Here is the FSA's guidance on when trail commission is banned: Recommendation  Is trail commission banned? I recommend that you take out the ABC investment. Yes. This is advice which steers the client in the direction of a particular investment which the client could buy. I recommend that you do not take out the ABC investment. Yes. This is advice which steers the client away fro...