Trail commission ban could 'sound death knell' for advisers - Panacea

A survey of 433 UK financial advisers found 46% agree that "any regulatory ban on trail commission agreed prior to the introduction of RDR would make my firm's business unsustainable". Panacea Adviser chief executive Derek Bradley (pictured) said a ban "could finally sound the death knell for the vast majority of the adviser market". The Financial Conduct Authority (FCA) raised concerns over the lack of an end date for the payment of trail commission as recently as June and has since published guidance on how investors can stop paying it. GfK divisional director for life, pensions ...