The Investment Management Association (IMA) said it is "very disappointed" with elements of the FSA's guidance on the treatment of trail commission post-RDR.
The FSA today set out where trail commission can continue to be paid to advisers from 1 January next year, when all other forms of commission will be banned. It said trail can still be payable on fund...
RDR brought sweeping changes to adviser charging
A quarter (26%) unwilling to pay fees
Research by Grant Thornton
The right culture is essential...
For smaller and medium firms
'There will be more consolidation'
Fee-based revenue fell 13%