Simplified advice could include 'limited' return to commission

Bradbury, managing director of City-based IFA Bradbury Hamilton, said the country's growing advice gap could be closed through widespread access to simplified advice, supplied by lower qualified advisers paid on a commission basis. He explained: "You cannot load the cost of the advice in the products anymore - which is what the old commission system used to do. "But fundamentally you have a whole load of people who still need advice, so what are you going to do about those people? That is the bulk of the population. "If you do not do something about that the country is going to hav...