FSA probes firm over 'time is against us' commission letter
The Financial Services Authority (FSA) is understood to be examining the contents of a letter sent out by an IFA suggesting clients wanting to switch pension provider do so ahead of the upcoming commission ban, because it would be cheaper for them.
The letter, sent to members of a group scheme by Rowanbank Financial Consultants, stated commission paid by the new provider would cover its costs, whereas, from next year, fees must be paid by clients...
More on RDR
CII to scrap adviser 'gap-fill' option in SPS applications
From August next year
Contingent charging is 'hangover' from commission - Paul Lewis
RDR brought sweeping changes to adviser charging
Commission hangover still hampers financial advice - research
A quarter (26%) unwilling to pay fees
Retail investment fees in UK remain above 2.5% a year - study
Research by Grant Thornton
Three fundamental principles of financial planning
The right culture is essential...
More news
What can Netflix hit Bridgerton teach us about financial planning?
Contains spoilers
Supreme Court 'substantially' rules in favour of business interruption claimants
Completes legal process
70% of UK financial services professionals 'not confident' their firm conducts ethical finance
Scepticism towards companies' commitments
Asset managers warn economy will get worse before it gets better
GDP falls 2.6% in November
Chris Budd: What to do if you are feeling fed up
Financial wellbeing junkies
