Concerns about advisers piling into commission-paying products ahead of the Retail Distribution Review (RDR) have proven unfounded, according to the experience of one provider.
Barclays said its commission-free product range has proven more popular with advisers than alternatives that do offer commission. The Financial Services Authority (FSA) has previously stated it is concerned some advisers may look to recommend commission-paying products before RDR is implemented at the end of the year. Provider-set commission will be banned from 31 December following the review. Yet Barclays said it had seen no evidence of a "commission grab". The bank's structured product range offers four alternatives, including an 'E2' option that pays an adviser a typical com...
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