Aviva: Govt's 'seismic' commission shift may see 'thousands' of pensions repriced
Steve Webb's move to ban commission and active member discounts is a ‘seismic' shift for providers and will drive a completely new business model for advisers, Aviva has said.
The provider said the legacy audit of schemes, recommended in the Office of Fair Trading (OFT) report into defined contribution pensions, would identify hundreds of Aviva schemes with active member discounts...
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