Advisers badge banks as big winners in commission comeback debate

Financial advisers largely opposed a return to commission and argued greater investment in automated 'robo-advice' was a better solution to increasing public access to advice. However, a report today revealed that several big banks including Lloyds and Royal Bank of Scotland are preparing to offer fee-based robo-advice. Allowing banks to work on a commission model while pumping money into robo-advice services could put advisers once again under pressure from all sides from the high street giants.   Past misdeeds Advice paid for by commission attached investment products was ba...