Advisers can discover commission switch-off events with new tool

Scott Sinclair
clock

A tool allowing advisers to discover when providers will switch commission payments off on pre-Retail Distribution Review (RDR) business has been launched.

Consultancy the Financial and Technology Research Centre (F&TRC) has added the ‘commission disturbance matrix' to its free Quality Analyser tool. F&TRC has identified a total of 15 events which could trigger a commission switch-off - such as lump sum top ups and fund switches - and has applied them across five product types, including pensions and onshore bonds. It will inform advisers how providers will treat each event. F&TRC managing director Ian McKenna said: "The advisers we have spoken to have stated that, where they have clients that are invested in these types of policies, the...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Technology

Technology is driving a financial planning revolution

Technology is driving a financial planning revolution

'Don't underestimate what can be achieved in the next decade'

Ben Goss
clock 21 March 2024 • 4 min read
Second wave of AI investment calls for more diversification

Second wave of AI investment calls for more diversification

Investors urged to think outside the box and away from technology

Hope Coumbe
clock 20 March 2024 • 2 min read
True Potential CEO on building technology for the client

True Potential CEO on building technology for the client

‘We say to clients that this is going to be tech-led proposition’

Isabel Baxter
clock 19 March 2024 • 1 min read